Ohio Valley Banc Corp. (OVBC) to Issue Quarterly Dividend of $0.23 on November 10th

Ohio Valley Banc Corp. (NASDAQ:OVBC) announced a quarterly dividend on Tuesday, October 21st. Stockholders of record on Friday, October 31st will be given a dividend of 0.23 per share by the bank on Monday, November 10th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, October 31st.

Ohio Valley Banc Price Performance

OVBC opened at $36.45 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.90 and a quick ratio of 0.90. The stock’s 50 day simple moving average is $36.53 and its 200 day simple moving average is $34.63. The firm has a market cap of $171.68 million, a price-to-earnings ratio of 12.40 and a beta of 0.05. Ohio Valley Banc has a 1 year low of $21.86 and a 1 year high of $40.99.

Ohio Valley Banc (NASDAQ:OVBC) last released its quarterly earnings data on Friday, July 25th. The bank reported $0.89 earnings per share for the quarter. Ohio Valley Banc had a return on equity of 8.95% and a net margin of 14.81%.The firm had revenue of $17.38 million during the quarter.

Analyst Upgrades and Downgrades

OVBC has been the subject of a number of analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Ohio Valley Banc in a report on Wednesday, October 8th. Wall Street Zen cut shares of Ohio Valley Banc from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Ohio Valley Banc has an average rating of “Buy”.

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.