Ohio Valley Banc Corp. (NASDAQ:OVBC) Plans Quarterly Dividend of $0.22

Ohio Valley Banc Corp. (NASDAQ:OVBC) declared a quarterly dividend on Tuesday, October 15th, Zacks reports. Investors of record on Friday, October 25th will be paid a dividend of 0.22 per share by the bank on Sunday, November 10th. This represents a $0.88 annualized dividend and a yield of 3.74%. The ex-dividend date is Friday, October 25th.

Ohio Valley Banc has decreased its dividend payment by an average of 8.2% per year over the last three years.

Ohio Valley Banc Price Performance

Shares of NASDAQ OVBC opened at $23.56 on Thursday. Ohio Valley Banc has a fifty-two week low of $19.35 and a fifty-two week high of $25.50. The stock has a market cap of $110.97 million, a price-to-earnings ratio of 9.98 and a beta of 0.03. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.95 and a current ratio of 0.95. The firm’s 50-day simple moving average is $23.94 and its 200 day simple moving average is $23.14.

Ohio Valley Banc (NASDAQ:OVBC) last announced its quarterly earnings results on Friday, July 26th. The bank reported $0.63 earnings per share for the quarter. Ohio Valley Banc had a net margin of 13.72% and a return on equity of 7.85%. The business had revenue of $14.66 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Ohio Valley Banc in a research note on Thursday, October 17th. They issued 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.