Ohio Valley Banc (NASDAQ:OVBC) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a report issued on Tuesday morning. The brokerage issued a hold rating on the bank’s stock.

Ohio Valley Banc Price Performance

Shares of NASDAQ OVBC opened at $23.99 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.35. The stock has a market cap of $112.99 million, a price-to-earnings ratio of 9.95 and a beta of 0.03. The company’s 50-day moving average price is $24.06 and its 200 day moving average price is $23.18. Ohio Valley Banc has a 52 week low of $19.35 and a 52 week high of $25.50.

Ohio Valley Banc (NASDAQ:OVBC) last released its quarterly earnings results on Friday, July 26th. The bank reported $0.63 EPS for the quarter. Ohio Valley Banc had a net margin of 13.72% and a return on equity of 7.85%. The business had revenue of $14.66 million for the quarter.

Ohio Valley Banc Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, August 10th. Stockholders of record on Friday, July 26th were given a $0.22 dividend. This is an increase from Ohio Valley Banc’s previous quarterly dividend of $0.15. This represents a $0.88 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend was Friday, July 26th. Ohio Valley Banc’s dividend payout ratio is currently 36.51%.

About Ohio Valley Banc

Ohio Valley Banc Corp. operates as the bank holding company for The Ohio Valley Bank Company that provides commercial and consumer banking products and services. The company operates in two segments, Banking and Consumer Finance. It accepts various deposit products, including checking, savings, time, and money market accounts, as well as individual retirement accounts, demand deposits, NOW accounts, and certificates of deposit.