StockNews.com Begins Coverage on Ohio Valley Banc (NASDAQ:OVBC)

StockNews.com initiated coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research report released on Sunday morning. The firm issued a hold rating on the bank’s stock.

Ohio Valley Banc Trading Up 4.4 %

Shares of OVBC stock opened at $24.48 on Friday. Ohio Valley Banc has a fifty-two week low of $19.35 and a fifty-two week high of $25.50. The stock’s fifty day moving average price is $23.43 and its two-hundred day moving average price is $23.14. 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 company has a market cap of $115.30 million, a PE ratio of 10.16 and a beta of 0.03.

Ohio Valley Banc (NASDAQ:OVBC) last released its earnings results on Friday, July 26th. The bank reported $0.63 earnings per share (EPS) for the quarter. The firm had revenue of $14.66 million for 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 business also recently disclosed a quarterly dividend, which was paid on Saturday, August 10th. Investors of record on Friday, July 26th were paid a $0.22 dividend. This is an increase from Ohio Valley Banc’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, July 26th. This represents a $0.88 annualized dividend and a yield of 3.59%. Ohio Valley Banc’s dividend payout ratio is presently 36.51%.

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.