Ohio Valley Banc Corp. (NASDAQ:OVBC) Plans Dividend Increase – $0.25 Per Share

Ohio Valley Banc Corp. (NASDAQ:OVBC) declared a quarterly dividend on Tuesday, April 14th. Shareholders of record on Friday, April 24th will be given a dividend of 0.25 per share by the bank on Sunday, May 10th. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, April 24th. This is a 8.7% increase from Ohio Valley Banc’s previous quarterly dividend of $0.23.

Ohio Valley Banc has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 3 consecutive years.

Ohio Valley Banc Price Performance

OVBC opened at $45.61 on Wednesday. The stock has a fifty day simple moving average of $43.04 and a two-hundred day simple moving average of $40.05. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31. The company has a market cap of $214.82 million, a price-to-earnings ratio of 13.78 and a beta of -0.04. Ohio Valley Banc has a 12-month low of $27.50 and a 12-month high of $45.99.

Ohio Valley Banc (NASDAQ:OVBC) last posted its quarterly earnings data on Friday, March 13th. The bank reported $0.84 earnings per share (EPS) for the quarter. The business had revenue of $16.60 million during the quarter. Ohio Valley Banc had a return on equity of 9.58% and a net margin of 16.56%.

Ohio Valley Banc Company Profile

Ohio Valley Banc Corp is a bank holding company headquartered in Wheeling, West Virginia, operating through its principal subsidiary, The Ohio Valley Bank. As a locally focused financial institution, the company delivers a range of banking and financial solutions designed to meet the needs of individual, small business and commercial clients across its service area.

Through its subsidiary, Ohio Valley Banc offers traditional banking products including checking and savings accounts, certificates of deposit and consumer and residential mortgage loans.