Ohio Valley Banc Corp. (NASDAQ:OVBC) Declares $0.22 Quarterly Dividend

Ohio Valley Banc Corp. (NASDAQ:OVBC) announced a quarterly dividend on Tuesday, April 16th, Zacks reports. Shareholders of record on Friday, April 26th will be given a dividend of 0.22 per share by the bank on Friday, May 10th. This represents a $0.88 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend is Thursday, April 25th.

Ohio Valley Banc has raised its dividend by an average of 1.2% per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

Ohio Valley Banc Price Performance

NASDAQ OVBC opened at $23.50 on Wednesday. The company has a 50 day simple moving average of $24.25 and a 200-day simple moving average of $23.81. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $112.57 million, a price-to-earnings ratio of 8.87 and a beta of 0.11. Ohio Valley Banc has a 52-week low of $21.67 and a 52-week high of $25.95.

Ohio Valley Banc (NASDAQ:OVBC) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $0.68 earnings per share (EPS) for the quarter. The business had revenue of $14.90 million during the quarter. Ohio Valley Banc had a net margin of 16.96% and a return on equity of 9.08%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Ohio Valley Banc in a report on Wednesday. They issued a “hold” rating on the stock.

About Ohio Valley Banc

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.