Ohio Valley Banc (NASDAQ:OVBC) Posts Quarterly Earnings Results

Ohio Valley Banc (NASDAQ:OVBC) posted its quarterly earnings data on Tuesday. The bank reported $0.53 earnings per share 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 Price Performance

NASDAQ:OVBC traded up $0.10 during mid-day trading on Tuesday, reaching $22.85. 628 shares of the stock were exchanged, compared to its average volume of 7,162. Ohio Valley Banc has a 1-year low of $19.35 and a 1-year high of $28.00. 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 business has a fifty day moving average price of $25.17 and a 200 day moving average price of $24.25. The firm has a market capitalization of $107.62 million, a PE ratio of 9.25 and a beta of 0.08.

Ohio Valley Banc Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 24th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Friday, January 24th. Ohio Valley Banc’s dividend payout ratio (DPR) is presently 35.63%.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Ohio Valley Banc in a research note on Tuesday, January 21st. They issued a “hold” rating for the company.

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.