Ohio Valley Banc (NASDAQ:OVBC) Announces Earnings Results

Ohio Valley Banc (NASDAQ:OVBC) issued its earnings results on Tuesday. The bank reported $0.70 earnings per share for the quarter, Zacks reports. Ohio Valley Banc had a return on equity of 8.37% and a net margin of 14.31%.

Ohio Valley Banc Stock Performance

Shares of NASDAQ OVBC traded up $0.28 during mid-day trading on Tuesday, hitting $47.30. The company had a trading volume of 3,481 shares, compared to its average volume of 25,464. The stock has a market cap of $222.85 million, a price-to-earnings ratio of 15.72 and a beta of 0.03. The firm’s 50 day simple moving average is $45.46 and its two-hundred day simple moving average is $44.31. Ohio Valley Banc has a 12 month low of $34.18 and a 12 month high of $54.96. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.93 and a quick ratio of 0.93.

Ohio Valley Banc Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, October 30th. Ohio Valley Banc’s dividend payout ratio is 33.22%.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Ohio Valley Banc from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

About Ohio Valley Banc

Ohio Valley Banc Corp. is a bank holding company headquartered in Gallipolis, Ohio. Its principal subsidiary, Ohio Valley Bank, is a community banking institution that provides financial services to individuals, families, businesses and nonprofit organizations.

Ohio Valley Bank offers a range of traditional banking products, including checking and savings accounts, certificates of deposit, consumer loans, residential and commercial real estate financing, business loans and agricultural lending.