Dimensional Fund Advisors LP decreased its position in Ohio Valley Banc Corp. (NASDAQ:OVBC – Free Report) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,659 shares of the bank’s stock after selling 1,159 shares during the period. Dimensional Fund Advisors LP’s holdings in Ohio Valley Banc were worth $1,793,000 as of its most recent SEC filing.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on Ohio Valley Banc in a research note on Wednesday. They issued a “hold” rating on the stock.
View Our Latest Stock Report on OVBC
Ohio Valley Banc Trading Down 0.3 %
Ohio Valley Banc (NASDAQ:OVBC – Get Free Report) last posted 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 announced a quarterly dividend, which was paid on Saturday, August 10th. Shareholders of record on Friday, July 26th were given a dividend of $0.22 per share. The ex-dividend date was Friday, July 26th. This represents a $0.88 annualized dividend and a dividend yield of 3.71%. This is an increase from Ohio Valley Banc’s previous quarterly dividend of $0.15. Ohio Valley Banc’s dividend payout ratio is currently 37.29%.
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.
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