Short Interest in Ohio Valley Banc Corp. (NASDAQ:OVBC) Increases By 25.5%

Ohio Valley Banc Corp. (NASDAQ:OVBC) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 11,800 shares, a growth of 25.5% from the August 31st total of 9,400 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 4,400 shares, the days-to-cover ratio is currently 2.7 days.

Ohio Valley Banc Stock Up 0.3 %

Ohio Valley Banc stock traded up $0.08 during trading on Friday, reaching $24.40. The stock had a trading volume of 5,179 shares, compared to its average volume of 3,409. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.35. The stock has a market cap of $116.97 million, a PE ratio of 10.12 and a beta of 0.03. The business has a 50 day moving average price of $23.94 and a 200 day moving average price of $23.17. Ohio Valley Banc has a 52-week low of $19.35 and a 52-week high of $25.50.

Ohio Valley Banc (NASDAQ:OVBC) last issued its quarterly earnings data 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 company had revenue of $14.66 million for the quarter.

Ohio Valley Banc Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, August 10th. Shareholders of record on Friday, July 26th were paid a dividend of $0.22 per share. The ex-dividend date was Friday, July 26th. This is an increase from Ohio Valley Banc’s previous quarterly dividend of $0.15. This represents a $0.88 annualized dividend and a yield of 3.61%. Ohio Valley Banc’s dividend payout ratio is currently 36.51%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Ohio Valley Banc in a research note on Monday, September 23rd. They set a “hold” rating for the company.

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.