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

StockNews.com started coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research note published on Monday. The brokerage issued a hold rating on the bank’s stock.

Ohio Valley Banc Price Performance

OVBC stock opened at $24.32 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a 50 day moving average price of $23.87 and a 200-day moving average price of $23.16. Ohio Valley Banc has a 52-week low of $19.35 and a 52-week high of $25.50. The firm has a market capitalization of $114.55 million, a price-to-earnings ratio of 10.09 and a beta of 0.03.

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

Ohio Valley Banc Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, August 10th. Investors of record on Friday, July 26th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.62%. This is an increase from Ohio Valley Banc’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, July 26th. Ohio Valley Banc’s dividend payout ratio is 36.51%.

Ohio Valley Banc Company Profile

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.