Ohio Valley Banc (NASDAQ:OVBC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a report released on Friday morning. The firm issued a hold rating on the bank’s stock.

Ohio Valley Banc Trading Down 1.2 %

Shares of Ohio Valley Banc stock opened at $24.50 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.95 and a current ratio of 0.95. The company has a fifty day moving average of $22.51 and a 200 day moving average of $23.28. The company has a market capitalization of $117.45 million, a P/E ratio of 10.17 and a beta of 0.05. Ohio Valley Banc has a fifty-two week low of $19.35 and a fifty-two week high of $25.50.

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

Ohio Valley Banc Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, August 10th. Stockholders of record on Friday, July 26th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, July 26th. This represents a $0.88 annualized dividend and a dividend yield of 3.59%. This is a boost from Ohio Valley Banc’s previous quarterly dividend of $0.15. 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.