Ohio Valley Banc (NASDAQ:OVBC) Posts Earnings Results

Ohio Valley Banc (NASDAQ:OVBC) issued its earnings results on Tuesday. The bank reported $0.53 earnings per share (EPS) for the quarter, Zacks reports. Ohio Valley Banc had a return on equity of 7.97% and a net margin of 13.66%.

Ohio Valley Banc Stock Up 0.4 %

Shares of NASDAQ OVBC opened at $22.85 on Wednesday. The firm’s 50-day moving average price is $25.12 and its 200-day moving average price is $24.27. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. Ohio Valley Banc has a 12-month low of $19.35 and a 12-month high of $28.00. The stock has a market capitalization of $107.62 million, a price-to-earnings ratio of 9.25 and a beta of 0.08.

Ohio Valley Banc Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 24th will be issued a $0.22 dividend. The ex-dividend date is Friday, January 24th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.85%. Ohio Valley Banc’s dividend payout ratio (DPR) is presently 35.63%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Ohio Valley Banc in a research note on Wednesday. They issued a “hold” rating on the stock.

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.