Ohio Valley Banc (NASDAQ:OVBC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a report issued on Thursday. The brokerage issued a hold rating on the bank’s stock.

Ohio Valley Banc Stock Performance

OVBC opened at $23.55 on Thursday. Ohio Valley Banc has a 1-year low of $19.35 and a 1-year high of $25.50. The company has a market cap of $110.92 million, a price-to-earnings ratio of 9.98 and a beta of 0.03. The company’s fifty day moving average price is $23.97 and its two-hundred day moving average price is $23.14. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.35.

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

Ohio Valley Banc Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, November 10th. Investors of record on Friday, October 25th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Friday, October 25th. Ohio Valley Banc’s payout ratio is currently 37.29%.

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.