Ohio Valley Banc (NASDAQ:OVBC) Earns Hold Rating from Analysts at StockNews.com

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

Ohio Valley Banc Stock Up 4.4 %

OVBC stock opened at $24.48 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.95 and a quick ratio of 0.95. The business’s fifty day moving average price is $23.43 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. The stock has a market capitalization of $115.30 million, a price-to-earnings ratio of 10.16 and a beta of 0.03.

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. Ohio Valley Banc had a net margin of 13.72% and a return on equity of 7.85%. The firm had revenue of $14.66 million for the quarter.

Ohio Valley Banc Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, August 10th. Stockholders of record on Friday, July 26th were issued a dividend of $0.22 per share. This is a positive change from Ohio Valley Banc’s previous quarterly dividend of $0.15. This represents a $0.88 annualized dividend and a dividend yield of 3.59%. The ex-dividend date was Friday, July 26th. Ohio Valley Banc’s dividend payout ratio is 36.51%.

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.