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

Key Points

• Ohio Valley Banc reported quarterly EPS of $0.70, with a net margin of 14.31% and return on equity of 8.37%.
• The stock rose 0.6% to $47.30, giving the company a market capitalization of approximately $222.85 million.
• The bank declared a quarterly dividend of $0.25 per share, equivalent to $1.00 annually and a 2.1% yield; analysts maintain a consensus “Buy” rating.

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

Ohio Valley Banc Stock Up 0.6%

OVBC traded up $0.28 during trading on Tuesday, reaching $47.30. The stock had a trading volume of 3,481 shares, compared to its average volume of 25,464. Ohio Valley Banc has a one year low of $34.18 and a one year high of $54.96. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $222.85 million, a price-to-earnings ratio of 15.72 and a beta of 0.03. The stock's 50 day moving average is $45.46 and its two-hundred day moving average is $44.31.

Ohio Valley Banc Dividend Announcement

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

Analysts Set New Price Targets

Separately, Weiss Ratings raised Ohio Valley Banc from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, October 2nd. One analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy".

Ohio Valley Banc Company Profile

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.

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