Dimensional Fund Advisors LP Sells 1,159 Shares of Ohio Valley Banc Corp. (NASDAQ:OVBC)

Dimensional Fund Advisors LP trimmed its position in Ohio Valley Banc Corp. (NASDAQ:OVBC) by 1.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,659 shares of the bank’s stock after selling 1,159 shares during the period. Dimensional Fund Advisors LP owned approximately 1.87% of Ohio Valley Banc worth $1,793,000 at the end of the most recent quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Ohio Valley Banc in a research report on Wednesday. They issued a “hold” rating for the company.

Ohio Valley Banc Stock Performance

Shares of OVBC opened at $23.73 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a 50 day moving average price of $23.98 and a two-hundred day moving average price of $23.17. The firm has a market capitalization of $111.77 million, a P/E ratio of 10.08 and a beta of 0.03. Ohio Valley Banc Corp. 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 EPS for the quarter. The firm had revenue of $14.66 million during the quarter. Ohio Valley Banc had a return on equity of 7.85% and a net margin of 13.72%.

Ohio Valley Banc Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, August 10th. Stockholders of record on Friday, July 26th were issued a $0.22 dividend. The ex-dividend date was Friday, July 26th. This is a positive change from Ohio Valley Banc’s previous quarterly dividend of $0.15. This represents a $0.88 annualized dividend and a dividend yield of 3.71%. Ohio Valley Banc’s dividend payout ratio is currently 37.29%.

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.