Ohio Valley Banc Corp. (NASDAQ:OVBC) Announces Quarterly Dividend of $0.22

Ohio Valley Banc Corp. (NASDAQ:OVBC) declared a quarterly dividend on Tuesday, October 15th, Zacks reports. Shareholders of record on Friday, October 25th will be given a dividend of 0.22 per share by the bank on Sunday, November 10th. This represents a $0.88 annualized dividend and a yield of 3.78%. The ex-dividend date is Friday, October 25th.

Ohio Valley Banc has decreased its dividend by an average of 8.2% per year over the last three years.

Ohio Valley Banc Price Performance

Shares of NASDAQ OVBC opened at $23.30 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.95 and a quick ratio of 0.95. Ohio Valley Banc has a 1-year low of $19.35 and a 1-year high of $25.50. The company has a market capitalization of $109.74 million, a price-to-earnings ratio of 9.87 and a beta of 0.03. The business has a 50-day moving average of $23.94 and a 200-day moving average of $23.14.

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 return on equity of 7.85% and a net margin of 13.72%. The firm had revenue of $14.66 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Ohio Valley Banc in a research note on Thursday, October 17th. They set 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.