Ohio Valley Banc Corp. (NASDAQ:OVBC) Announces $0.22 Quarterly Dividend

Ohio Valley Banc Corp. (NASDAQ:OVBC) declared a quarterly dividend on Tuesday, April 16th, Zacks reports. Stockholders of record on Friday, April 26th will be paid a dividend of 0.22 per share by the bank on Friday, May 10th. This represents a $0.88 annualized dividend and a dividend yield of 3.67%. The ex-dividend date is Thursday, April 25th.

Ohio Valley Banc has raised its dividend payment by an average of 1.2% annually over the last three years and has increased its dividend every year for the last 1 years.

Ohio Valley Banc Stock Performance

Shares of OVBC stock opened at $23.99 on Thursday. The stock has a market cap of $114.91 million, a P/E ratio of 9.05 and a beta of 0.11. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.37. The stock has a 50 day simple moving average of $24.34 and a 200 day simple moving average of $23.83. Ohio Valley Banc has a 1 year low of $21.67 and a 1 year high of $25.95.

Ohio Valley Banc (NASDAQ:OVBC) last issued its quarterly earnings data on Thursday, January 25th. The bank reported $0.68 earnings per share (EPS) for the quarter. Ohio Valley Banc had a return on equity of 9.08% and a net margin of 16.96%. The company had revenue of $14.90 million during the quarter.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Ohio Valley Banc in a research note on Tuesday. They issued a “hold” rating for the company.

Institutional Trading of Ohio Valley Banc

Large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp bought a new position in Ohio Valley Banc in the first quarter worth approximately $201,000. Dimensional Fund Advisors LP grew its position in Ohio Valley Banc by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 77,454 shares of the bank’s stock valued at $2,339,000 after purchasing an additional 394 shares during the period. Vanguard Group Inc. increased its stake in Ohio Valley Banc by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 155,128 shares of the bank’s stock valued at $4,654,000 after purchasing an additional 1,044 shares in the last quarter. State Street Corp raised its holdings in Ohio Valley Banc by 12.4% during the first quarter. State Street Corp now owns 11,129 shares of the bank’s stock worth $336,000 after buying an additional 1,224 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Ohio Valley Banc by 7.2% during the first quarter. The Manufacturers Life Insurance Company now owns 122,161 shares of the bank’s stock worth $3,689,000 after buying an additional 8,218 shares during the last quarter. 22.06% of the stock is currently owned by institutional investors and hedge funds.

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.