Ohio Valley Banc - OVBC Stock Forecast, Price & News

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 Trading Down 0.9 %

OVBC traded down $0.27 during mid-day trading on Tuesday, reaching $30.25. The stock had a trading volume of 1,681 shares, compared to its average volume of 3,229. The stock has a market capitalization of $144.35 million, a P/E ratio of 12.60 and a beta of 0.21. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.89 and a current ratio of 0.89. The firm's fifty day simple moving average is $29.67 and its two-hundred day simple moving average is $30.23. Ohio Valley Banc has a 52 week low of $25.00 and a 52 week high of $32.29.

Ohio Valley Banc (NASDAQ:OVBC - Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The bank reported $0.42 EPS for the quarter. The firm had revenue of $13.19 million for the quarter. Ohio Valley Banc had a return on equity of 8.21% and a net margin of 20.98%.

Ohio Valley Banc Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 10th. Shareholders of record on Friday, July 29th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.78%. This is a positive change from Ohio Valley Banc's previous quarterly dividend of $0.15. The ex-dividend date is Thursday, July 28th. Ohio Valley Banc's dividend payout ratio (DPR) is presently 35.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Ohio Valley Banc in a research report on Tuesday. They set a "hold" rating on the stock.