Ohio Valley Banc (NASDAQ:OVBC) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research report report published on Monday. The firm issued a hold rating on the bank’s stock.

Ohio Valley Banc Stock Down 1.5 %

Ohio Valley Banc stock opened at $24.75 on Monday. The firm has a 50 day moving average price of $23.74 and a 200 day moving average price of $23.15. The company has a market capitalization of $118.65 million, a PE ratio of 10.27 and a beta of 0.03. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.95 and a current ratio of 0.95. Ohio Valley Banc has a fifty-two week low of $19.35 and a fifty-two week high of $25.50.

Ohio Valley Banc (NASDAQ:OVBC) last posted its quarterly earnings results on Friday, July 26th. The bank reported $0.63 EPS for the quarter. The business had revenue of $14.66 million during the quarter. Ohio Valley Banc had a net margin of 13.72% and a return on equity of 7.85%.

Ohio Valley Banc Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, August 10th. Stockholders of record on Friday, July 26th were given a dividend of $0.22 per share. This is a boost from Ohio Valley Banc’s previous quarterly dividend of $0.15. This represents a $0.88 annualized dividend and a dividend yield of 3.56%. The ex-dividend date was Friday, July 26th. Ohio Valley Banc’s 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.