Ohio Valley Banc Corp. (NASDAQ:OVBC) Raises Dividend to $0.22 Per Share

Ohio Valley Banc Corp. (NASDAQ:OVBC) announced a quarterly dividend on Tuesday, July 16th, investing.com reports. Investors of record on Friday, July 26th will be given a dividend of 0.22 per share by the bank on Saturday, August 10th. This represents a $0.88 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Friday, July 26th. This is a boost from Ohio Valley Banc’s previous quarterly dividend of $0.15.

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

Ohio Valley Banc Price Performance

NASDAQ OVBC opened at $23.00 on Thursday. Ohio Valley Banc has a fifty-two week low of $19.35 and a fifty-two week high of $25.95. The stock’s 50-day moving average is $21.97 and its two-hundred day moving average is $23.24. The firm has a market cap of $110.17 million, a P/E ratio of 9.54 and a beta of 0.05. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.95 and a quick ratio of 0.95.

Ohio Valley Banc (NASDAQ:OVBC) last announced its earnings results on Thursday, April 25th. The bank reported $0.58 earnings per share (EPS) for the quarter. Ohio Valley Banc had a return on equity of 8.16% and a net margin of 14.70%. The firm had revenue of $14.89 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Ohio Valley Banc in a research report on Sunday. They issued 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.