8,418 Shares in Ohio Valley Banc Corp. (NASDAQ:OVBC) Purchased by Empowered Funds LLC

Empowered Funds LLC purchased a new position in Ohio Valley Banc Corp. (NASDAQ:OVBC) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 8,418 shares of the bank’s stock, valued at approximately $204,000.

Ohio Valley Banc Stock Performance

NASDAQ:OVBC opened at $27.36 on Wednesday. The company has a market cap of $128.87 million, a price-to-earnings ratio of 11.08 and a beta of 0.03. Ohio Valley Banc Corp. has a 52-week low of $19.35 and a 52-week high of $27.97. The firm’s 50-day moving average is $24.44 and its 200-day moving average is $23.40. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.89.

Ohio Valley Banc (NASDAQ:OVBC) last announced its earnings results on Monday, October 28th. The bank reported $0.58 earnings per share for the quarter. Ohio Valley Banc had a return on equity of 7.97% and a net margin of 13.66%. The company had revenue of $22.26 million during the quarter. During the same quarter last year, the business posted $0.47 earnings per share.

Ohio Valley Banc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, November 10th. Stockholders of record on Friday, October 25th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Friday, October 25th. Ohio Valley Banc’s dividend payout ratio (DPR) is presently 35.63%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Ohio Valley Banc in a research report on Tuesday. They issued a “hold” rating for the company.

Ohio Valley Banc 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.