Ohio Valley Banc Corp. (OVBC) to Issue Quarterly Dividend of $0.22 on February 10th

Ohio Valley Banc Corp. (NASDAQ:OVBC) announced a quarterly dividend on Tuesday, January 14th,RTT News reports. Investors of record on Friday, January 24th will be given a dividend of 0.22 per share by the bank on Monday, February 10th. This represents a $0.88 annualized dividend and a dividend yield of 3.81%. The ex-dividend date is Friday, January 24th.

Ohio Valley Banc has raised its dividend by an average of 1.6% per year over the last three years.

Ohio Valley Banc Stock Down 1.2 %

OVBC stock opened at $23.12 on Wednesday. The company has a 50 day moving average of $25.36 and a two-hundred day moving average of $24.19. The company has a market cap of $108.90 million, a price-to-earnings ratio of 9.36 and a beta of 0.08. Ohio Valley Banc has a 12-month low of $19.35 and a 12-month high of $28.00. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32.

Ohio Valley Banc (NASDAQ:OVBC) last announced its quarterly earnings data on Monday, October 28th. The bank reported $0.58 earnings per share (EPS) for the quarter. Ohio Valley Banc had a return on equity of 7.97% and a net margin of 13.66%. The business had revenue of $22.26 million during the quarter. During the same quarter in the prior year, the business posted $0.47 earnings per share.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Ohio Valley Banc in a report on Tuesday. They set a “hold” rating on the stock.

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.