Ohio Valley Banc (NASDAQ:OVBC) Issues Earnings Results

Ohio Valley Banc (NASDAQ:OVBC) released its quarterly earnings data on Tuesday. The bank reported $0.53 earnings per share (EPS) for the quarter, Zacks reports. Ohio Valley Banc had a net margin of 13.66% and a return on equity of 7.97%.

Ohio Valley Banc Stock Performance

Shares of OVBC opened at $24.15 on Thursday. Ohio Valley Banc has a 12 month low of $19.35 and a 12 month high of $28.00. The business’s fifty day simple moving average is $25.08 and its two-hundred day simple moving average is $24.28. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. The company has a market cap of $113.75 million, a price-to-earnings ratio of 9.79 and a beta of 0.08.

Ohio Valley Banc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 24th will be given a $0.22 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $0.88 annualized dividend and a yield of 3.64%. Ohio Valley Banc’s dividend payout ratio (DPR) is presently 35.63%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Ohio Valley Banc in a report on Wednesday. They set a “hold” rating on the stock.

About Ohio Valley Banc

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.