StockNews.com Begins Coverage on Ohio Valley Banc (NASDAQ:OVBC)

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

Ohio Valley Banc Stock Up 2.4 %

Shares of OVBC stock opened at $23.75 on Friday. The company’s fifty day simple moving average is $23.94 and its two-hundred day simple moving average is $23.13. Ohio Valley Banc has a 52 week low of $19.35 and a 52 week high of $25.50. The stock has a market cap of $111.86 million, a P/E ratio of 10.06 and a beta of 0.03. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.35.

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

Ohio Valley Banc Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, November 10th. Stockholders of record on Friday, October 25th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.71%. Ohio Valley Banc’s dividend payout ratio is currently 37.29%.

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.