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. The company also provides various residential real estate loans, including one-to four-family residential mortgages; commercial loans for securing equipment, inventory, stock, commercial real estate, and rental property; and consumer loans secured by automobiles, mobile homes, recreational vehicles, and other personal property, as well as personal loans, unsecured credit card receivables, floor plan and student loans, and construction loans. In addition, it offers safe deposit boxes, wire transfers, credit card services, and Internet banking services; and financial management online services, such as cash management and news updates related to repossession auctions, current rates, and general bank news. Further, the company provides automatic teller machine (ATM) services, consumer finance, seasonal tax preparation services, and commercial property and various liability insurance services, as well as trust and online-only consumer direct mortgage services. It operates sixteen offices in Ohio and West Virginia; and six consumer finance offices in Ohio. The company owns and operates thirty- six ATMs, including twenty off-site ATMs. Ohio Valley Banc Corp. was founded in 1872 and is headquartered in Gallipolis, Ohio.
Ohio Valley Banc Stock Up 2.9 %
NASDAQ:OVBC opened at $31.37 on Tuesday. Ohio Valley Banc has a 1-year low of $25.50 and a 1-year high of $32.38. The company has a 50-day moving average of $29.71 and a 200 day moving average of $30.24. The firm has a market cap of $149.70 million, a PE ratio of 13.07 and a beta of 0.21. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.89 and a quick ratio of 0.89.
Ohio Valley Banc (NASDAQ:OVBC - Get Rating) last released its quarterly earnings data on Thursday, July 28th. The bank reported $0.42 earnings per share for the quarter. Ohio Valley Banc had a net margin of 20.98% and a return on equity of 8.21%. The company had revenue of $13.19 million during the quarter.
Ohio Valley Banc Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 10th. Shareholders of record on Friday, July 29th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.68%. This is a positive change from Ohio Valley Banc's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, July 28th. Ohio Valley Banc's dividend payout ratio is presently 35.00%.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on shares of Ohio Valley Banc in a research note on Tuesday, August 9th. They issued a "hold" rating for the company.