Ohio Valley Banc (NASDAQ:OVBC) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Ohio Valley Banc Corp. (NASDAQ:OVBC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $23.15 and traded as high as $24.10. Ohio Valley Banc shares last traded at $24.10, with a volume of 1,884 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Ohio Valley Banc in a report on Friday. They set a “hold” rating on the stock.

Ohio Valley Banc Stock Down 2.9 %

The company has a market cap of $111.17 million, a price-to-earnings ratio of 9.62 and a beta of 0.03. 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 50-day simple moving average of $23.94 and a 200-day simple moving average of $23.15.

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

Ohio Valley Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, November 10th. Stockholders of record on Friday, October 25th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Friday, October 25th. Ohio Valley Banc’s dividend payout ratio (DPR) is presently 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.