Ohio Valley Banc (NASDAQ:OVBC) Share Price Passes Above 200-Day Moving Average of $23.28

Ohio Valley Banc Corp. (NASDAQ:OVBC)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $23.28 and traded as high as $24.79. Ohio Valley Banc shares last traded at $24.79, with a volume of 6,383 shares traded.

Wall Street Analysts Forecast Growth

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

Ohio Valley Banc Trading Up 3.1 %

The firm’s 50-day moving average is $22.43 and its 200 day moving average is $23.28. 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 firm has a market capitalization of $118.84 million, a price-to-earnings ratio of 10.29 and a beta of 0.05.

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

Ohio Valley Banc Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, August 10th. Shareholders of record on Friday, July 26th were issued a dividend of $0.22 per share. This is a positive change from Ohio Valley Banc’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, July 26th. This represents a $0.88 annualized dividend and a yield of 3.55%. 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.