Ohio Valley Banc Corp. (NASDAQ:OVBC - Get Free Report) declared a quarterly dividend on Tuesday, April 15th, RTT News reports. Shareholders of record on Friday, April 25th will be given a dividend of 0.23 per share by the bank on Saturday, May 10th. This represents a $0.92 annualized dividend and a yield of 2.59%. The ex-dividend date is Friday, April 25th. This is a 4.5% increase from Ohio Valley Banc's previous quarterly dividend of $0.22.
Ohio Valley Banc has increased its dividend by an average of 1.6% per year over the last three years.
Ohio Valley Banc Stock Up 11.5 %
Shares of NASDAQ:OVBC traded up $3.65 on Friday, reaching $35.50. The company had a trading volume of 27,458 shares, compared to its average volume of 6,311. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $167.24 million, a P/E ratio of 15.30 and a beta of 0.06. The stock has a 50-day moving average price of $29.24 and a 200 day moving average price of $26.17. Ohio Valley Banc has a twelve month low of $19.35 and a twelve month high of $37.34.
Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last announced its earnings results on Tuesday, January 28th. The bank reported $0.53 earnings per share (EPS) for the quarter. Ohio Valley Banc had a return on equity of 7.44% and a net margin of 12.37%.
Analyst Upgrades and Downgrades
Separately, StockNews.com started coverage on shares of Ohio Valley Banc in a research report on Tuesday, March 18th. They set a "hold" rating for the company.
Get Our Latest Stock Report on Ohio Valley Banc
About Ohio Valley Banc
(
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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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