Ohio Valley Banc (NASDAQ:OVBC) Announces Quarterly Earnings Results

Ohio Valley Banc (NASDAQ:OVBC) posted its earnings results on Monday. The bank reported $0.58 earnings per share (EPS) for the quarter, RTT News reports. Ohio Valley Banc had a return on equity of 7.85% and a net margin of 13.72%. The firm had revenue of $22.26 million for the quarter. During the same period in the previous year, the company posted $0.47 EPS.

Ohio Valley Banc Price Performance

Shares of NASDAQ OVBC opened at $23.90 on Thursday. The stock’s 50-day moving average is $23.96 and its two-hundred day moving average is $23.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.95 and a quick ratio of 0.95. 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 $114.58 million, a price-to-earnings ratio of 9.92 and a beta of 0.03.

Ohio Valley Banc Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, November 10th. Shareholders of record on Friday, October 25th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $0.88 annualized dividend and a yield of 3.68%. Ohio Valley Banc’s dividend payout ratio (DPR) is 36.51%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Ohio Valley Banc in a research note on Friday, October 25th. They set a “hold” rating on the stock.

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.