Ohio Valley Banc (NASDAQ:OVBC) Releases Earnings Results

Ohio Valley Banc (NASDAQ:OVBC) issued its quarterly earnings results on Tuesday. The bank reported $0.70 EPS for the quarter, Zacks reports. Ohio Valley Banc had a return on equity of 8.37% and a net margin of 14.31%.

Ohio Valley Banc Stock Up 0.6%

Shares of OVBC stock traded up $0.28 during mid-day trading on Tuesday, hitting $47.30. The company’s stock had a trading volume of 3,503 shares, compared to its average volume of 25,464. Ohio Valley Banc has a 52-week low of $34.18 and a 52-week high of $54.96. The business has a 50-day moving average price of $45.46 and a 200 day moving average price of $44.31. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $222.85 million, a price-to-earnings ratio of 15.72 and a beta of 0.03.

Ohio Valley Banc Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 30th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, October 30th. Ohio Valley Banc’s payout ratio is presently 33.22%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Ohio Valley Banc from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

About Ohio Valley Banc

Ohio Valley Banc Corp. is a bank holding company headquartered in Gallipolis, Ohio. Its principal subsidiary, Ohio Valley Bank, is a community banking institution that provides financial services to individuals, families, businesses and nonprofit organizations.

Ohio Valley Bank offers a range of traditional banking products, including checking and savings accounts, certificates of deposit, consumer loans, residential and commercial real estate financing, business loans and agricultural lending.