Ohio Valley Banc Corp. (NASDAQ:OVBC - Get Free Report) announced a quarterly dividend on Tuesday, July 15th, RTT News reports. Investors of record on Friday, July 25th will be given a dividend of 0.23 per share by the bank on Sunday, August 10th. This represents a $0.92 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Friday, July 25th.
Ohio Valley Banc Price Performance
Shares of NASDAQ:OVBC traded down $0.41 during trading on Friday, reaching $34.35. 7,842 shares of the company traded hands, compared to its average volume of 10,140. The company's 50 day moving average is $33.16 and its two-hundred day moving average is $30.14. The firm has a market capitalization of $161.79 million, a PE ratio of 12.82 and a beta of 0.11. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.30. Ohio Valley Banc has a 52 week low of $21.76 and a 52 week high of $40.99.
Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last released its earnings results on Friday, April 25th. The bank reported $0.94 earnings per share for the quarter. The firm had revenue of $16.79 million during the quarter. Ohio Valley Banc had a return on equity of 8.35% and a net margin of 13.86%.
Analysts Set New Price Targets
Separately, Wall Street Zen cut Ohio Valley Banc from a "buy" rating to a "hold" rating in a report on Saturday, July 5th.
Check Out Our Latest Stock Report on OVBC
Hedge Funds Weigh In On Ohio Valley Banc
An institutional investor recently bought a new position in Ohio Valley Banc stock. Jane Street Group LLC bought a new position in Ohio Valley Banc Corp. (NASDAQ:OVBC - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 8,906 shares of the bank's stock, valued at approximately $232,000. Jane Street Group LLC owned approximately 0.19% of Ohio Valley Banc as of its most recent SEC filing. 22.06% of the stock is currently owned by institutional investors and hedge funds.
Ohio Valley Banc Company Profile
(
Get Free Report)
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.
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