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

Ohio Valley Banc Corp. (NASDAQ:OVBC - Get Free Report) announced a quarterly dividend on Tuesday, April 16th, Zacks reports. Shareholders of record on Friday, April 26th will be paid a dividend of 0.22 per share by the bank on Friday, May 10th. This represents a $0.88 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend is Thursday, April 25th.

Ohio Valley Banc has raised its dividend by an average of 1.2% per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

Ohio Valley Banc Stock Performance

Ohio Valley Banc stock traded down $0.35 on Thursday, hitting $23.64. The company's stock had a trading volume of 637 shares, compared to its average volume of 3,282. The firm has a market cap of $113.24 million, a P/E ratio of 8.92 and a beta of 0.11. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average price of $24.32 and a 200-day moving average price of $23.82. Ohio Valley Banc has a one year low of $21.67 and a one year high of $25.95.

Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last posted its earnings results on Thursday, January 25th. The bank reported $0.68 earnings per share for the quarter. Ohio Valley Banc had a net margin of 16.96% and a return on equity of 9.08%. The business had revenue of $14.90 million for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its position in shares of Ohio Valley Banc by 7.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 211,095 shares of the bank's stock valued at $5,161,000 after acquiring an additional 15,323 shares during the period. Vanguard Group Inc. raised its position in shares of Ohio Valley Banc by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 155,128 shares of the bank's stock valued at $4,654,000 after acquiring an additional 1,044 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Ohio Valley Banc by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 91,143 shares of the bank's stock valued at $2,096,000 after acquiring an additional 2,404 shares during the period. Finally, BlackRock Inc. raised its position in shares of Ohio Valley Banc by 5.4% in the 2nd quarter. BlackRock Inc. now owns 49,280 shares of the bank's stock valued at $1,195,000 after acquiring an additional 2,515 shares during the period. 22.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Ohio Valley Banc in a research report on Tuesday. They set 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.