Ohio Valley Banc Corp. Plans Quarterly Dividend of $0.22 (NASDAQ:OVBC)

Ohio Valley Banc Corp. (NASDAQ:OVBC) announced a quarterly dividend on Tuesday, October 15th, Zacks reports. Shareholders of record on Friday, October 25th will be paid a dividend of 0.22 per share by the bank on Sunday, November 10th. This represents a $0.88 annualized dividend and a yield of 3.77%. The ex-dividend date is Friday, October 25th.

Ohio Valley Banc has decreased its dividend by an average of 8.2% per year over the last three years.

Ohio Valley Banc Stock Up 0.1 %

OVBC stock opened at $23.32 on Thursday. The company has a market capitalization of $111.80 million, a price-to-earnings ratio of 9.68 and a beta of 0.03. 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 business’s 50 day moving average price is $23.97 and its two-hundred day moving average price is $23.14. 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 posted its quarterly earnings data on Friday, July 26th. The bank reported $0.63 earnings per share (EPS) for the quarter. The business 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%.

Wall Street Analyst Weigh In

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

About Ohio Valley Banc

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.