Ohio Valley Banc (NASDAQ:OVBC) Issues Earnings Results

Ohio Valley Banc (NASDAQ:OVBC) posted its earnings results on Tuesday. The bank reported $0.53 earnings per share (EPS) for the quarter, Zacks reports. Ohio Valley Banc had a net margin of 13.66% and a return on equity of 7.97%.

Ohio Valley Banc Stock Performance

OVBC stock traded up $0.10 during trading on Tuesday, reaching $22.85. 628 shares of the stock were exchanged, compared to its average volume of 7,162. The stock has a 50 day simple moving average of $25.17 and a 200-day simple moving average of $24.25. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $107.62 million, a P/E ratio of 9.25 and a beta of 0.08. Ohio Valley Banc has a twelve month low of $19.35 and a twelve month high of $28.00.

Ohio Valley Banc Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 24th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Friday, January 24th. Ohio Valley Banc’s payout ratio is presently 35.63%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Ohio Valley Banc in a research note on Tuesday, January 21st. They issued a “hold” rating on the stock.

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.