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

StockNews.com began coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research report sent to investors on Tuesday. The firm issued a hold rating on the bank’s stock.

Ohio Valley Banc Stock Down 0.9 %

Shares of NASDAQ:OVBC opened at $24.28 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.35. The firm has a market cap of $114.36 million, a P/E ratio of 10.07 and a beta of 0.03. Ohio Valley Banc has a 12 month low of $19.35 and a 12 month high of $25.50. The company’s 50-day moving average price is $24.04 and its two-hundred day moving average price is $23.18.

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

Ohio Valley Banc Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, August 10th. Stockholders of record on Friday, July 26th were paid a $0.22 dividend. This is a boost from Ohio Valley Banc’s previous quarterly dividend of $0.15. This represents a $0.88 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend was Friday, July 26th. Ohio Valley Banc’s dividend payout ratio (DPR) is 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.