Ohio Valley Banc Corp. Plans Quarterly Dividend of $0.23 (NASDAQ:OVBC)

Ohio Valley Banc Corp. (NASDAQ:OVBC - Get Free Report) declared a quarterly dividend on Tuesday, July 15th, RTT News reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Friday, July 25th.

Ohio Valley Banc Price Performance

OVBC stock traded up $0.64 during trading on Thursday, hitting $34.76. 17,614 shares of the stock traded hands, compared to its average volume of 10,150. Ohio Valley Banc has a one year low of $21.76 and a one year high of $40.99. The stock has a market cap of $163.72 million, a price-to-earnings ratio of 12.97 and a beta of 0.11. The company has a 50 day simple moving average of $33.16 and a 200 day simple moving average of $30.14. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.30.

Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The bank reported $0.94 earnings per share (EPS) for the quarter. Ohio Valley Banc had a net margin of 13.86% and a return on equity of 8.35%. The firm had revenue of $16.79 million during the quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Ohio Valley Banc from a "buy" rating to a "hold" rating in a report on Saturday, July 5th.

Hedge Funds Weigh In On Ohio Valley Banc

An institutional investor recently raised its position in Ohio Valley Banc stock. Empowered Funds LLC grew its stake in Ohio Valley Banc Corp. (NASDAQ:OVBC - Free Report) by 6.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,302 shares of the bank's stock after acquiring an additional 558 shares during the period. Empowered Funds LLC owned 0.20% of Ohio Valley Banc worth $242,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 22.06% of the company's stock.

Ohio Valley Banc Company Profile

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.