Ohio Valley Banc Corp. (OVBC) to Issue Quarterly Dividend of $0.25 on August 10th

Ohio Valley Banc Corp. (NASDAQ:OVBCGet Free Report) declared a quarterly dividend on Tuesday, July 14th. Shareholders of record on Friday, July 24th will be paid a dividend of 0.25 per share by the bank on Monday, August 10th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, July 24th.

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

Ohio Valley Banc Price Performance

OVBC opened at $43.70 on Thursday. The company has a 50-day moving average of $46.05 and a 200-day moving average of $43.84. The company has a market capitalization of $205.83 million, a P/E ratio of 13.32 and a beta of 0.03. Ohio Valley Banc has a 1-year low of $31.61 and a 1-year high of $54.96. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and a current ratio of 0.94.

Ohio Valley Banc (NASDAQ:OVBCGet Free Report) last issued its earnings results on Tuesday, April 28th. The bank reported $0.91 earnings per share (EPS) for the quarter. The business had revenue of $18.18 million for the quarter. Ohio Valley Banc had a net margin of 16.05% and a return on equity of 9.29%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Ohio Valley Banc from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy”.

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Ohio Valley Banc Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Ohio Valley Banc (NASDAQ:OVBC)

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