Ohio Valley Banc (NASDAQ:OVBC) Stock Passes Above 200-Day Moving Average of $23.25

Shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $23.25 and traded as high as $24.95. Ohio Valley Banc shares last traded at $24.20, with a volume of 14,412 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Ohio Valley Banc in a research report on Saturday. They issued a “hold” rating on the stock.

Ohio Valley Banc Stock Down 1.1 %

The firm’s 50 day simple moving average is $22.95 and its 200 day simple moving average is $23.24. The company has a market cap of $113.98 million, a price-to-earnings ratio of 10.04 and a beta of 0.03. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.35.

Ohio Valley Banc (NASDAQ:OVBC) last posted its earnings results on Friday, July 26th. The bank reported $0.63 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. Investors of record on Friday, July 26th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Friday, July 26th. This is a positive change from Ohio Valley Banc’s previous quarterly dividend of $0.15. Ohio Valley Banc’s dividend payout ratio is currently 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.