Ohio Valley Banc Corp. (NASDAQ:OVBC) Announces Quarterly Dividend of $0.25

Ohio Valley Banc Corp. (NASDAQ:OVBC) declared a quarterly dividend on Tuesday, July 14th. Shareholders of record on Friday, July 24th will be paid a dividend of 0.25 per share by the bank on Monday, August 10th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, July 24th.

Ohio Valley Banc has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 3 years.

Ohio Valley Banc Trading Up 0.4%

NASDAQ:OVBC opened at $43.19 on Wednesday. Ohio Valley Banc has a 12-month low of $31.61 and a 12-month high of $54.96. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.30. The stock’s 50 day simple moving average is $46.08 and its 200-day simple moving average is $43.81. The firm has a market cap of $203.42 million, a P/E ratio of 13.17 and a beta of 0.03.

Ohio Valley Banc (NASDAQ:OVBC) last issued its quarterly earnings results on Tuesday, April 28th. The bank reported $0.91 earnings per share for the quarter. Ohio Valley Banc had a return on equity of 9.29% and a net margin of 16.05%.The firm had revenue of $18.18 million during the quarter.

Institutional Trading of Ohio Valley Banc

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Opal Capital LLC acquired a new stake in shares of Ohio Valley Banc during the 4th quarter valued at approximately $1,140,000. JPMorgan Chase & Co. grew its holdings in shares of Ohio Valley Banc by 66.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,999 shares of the bank’s stock worth $111,000 after acquiring an additional 1,197 shares during the period. Ritholtz Wealth Management increased its stake in Ohio Valley Banc by 5.9% in the 4th quarter. Ritholtz Wealth Management now owns 13,372 shares of the bank’s stock valued at $535,000 after purchasing an additional 745 shares in the last quarter. Empowered Funds LLC increased its stake in Ohio Valley Banc by 9.9% in the 1st quarter. Empowered Funds LLC now owns 13,534 shares of the bank’s stock valued at $594,000 after purchasing an additional 1,216 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Ohio Valley Banc during the fourth quarter worth $55,000. Institutional investors and hedge funds own 22.06% of the company’s stock.

Ohio Valley Banc Company Profile

Ohio Valley Banc Corp is a bank holding company headquartered in Wheeling, West Virginia, operating through its principal subsidiary, The Ohio Valley Bank. As a locally focused financial institution, the company delivers a range of banking and financial solutions designed to meet the needs of individual, small business and commercial clients across its service area.

Through its subsidiary, Ohio Valley Banc offers traditional banking products including checking and savings accounts, certificates of deposit and consumer and residential mortgage loans.