Ohio Valley Banc (NASDAQ:OVBC) Coverage Initiated at StockNews.com

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

Ohio Valley Banc Stock Down 2.0 %

Shares of OVBC stock opened at $23.56 on Friday. 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 has a 12 month low of $19.35 and a 12 month high of $25.50. The stock has a market cap of $110.97 million, a P/E ratio of 9.54 and a beta of 0.03. The company has a 50 day simple moving average of $23.95 and a two-hundred day simple moving average of $23.14.

Ohio Valley Banc (NASDAQ:OVBC) last posted its quarterly earnings data on Monday, October 28th. The bank reported $0.58 EPS for the quarter. The firm had revenue of $22.26 million during the quarter. Ohio Valley Banc had a return on equity of 8.06% and a net margin of 13.66%. During the same quarter last year, the company earned $0.47 earnings per share.

Ohio Valley Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, November 10th. Investors of record on Friday, October 25th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.74%. Ohio Valley Banc’s dividend payout ratio (DPR) is presently 35.63%.

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.