Ohio Valley Banc (NASDAQ:OVBC) Posts Quarterly Earnings Results

Ohio Valley Banc (NASDAQ:OVBCGet Free Report) posted its quarterly earnings results on Monday. The bank reported $0.62 earnings per share (EPS) for the quarter, Zacks reports. Ohio Valley Banc had a net margin of 16.05% and a return on equity of 9.29%.

Ohio Valley Banc Price Performance

Ohio Valley Banc stock opened at $42.80 on Tuesday. The firm’s 50-day moving average is $45.68 and its two-hundred day moving average is $44.03. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $201.59 million, a P/E ratio of 13.05 and a beta of 0.03. Ohio Valley Banc has a 12-month low of $31.61 and a 12-month high of $54.96.

Ohio Valley Banc Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Friday, July 24th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, July 24th. Ohio Valley Banc’s dividend payout ratio (DPR) is currently 30.49%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Empowered Funds LLC grew its position in shares of Ohio Valley Banc by 9.9% in the fourth quarter. Empowered Funds LLC now owns 12,318 shares of the bank’s stock valued at $492,000 after purchasing an additional 1,114 shares during the period. Bridgeway Capital Management LLC increased its stake in Ohio Valley Banc by 3.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 35,518 shares of the bank’s stock worth $1,420,000 after acquiring an additional 1,114 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Ohio Valley Banc by 20.0% in the 4th quarter. Royal Bank of Canada now owns 3,019 shares of the bank’s stock valued at $120,000 after purchasing an additional 503 shares in the last quarter. Barclays PLC grew its holdings in shares of Ohio Valley Banc by 36.9% during the 4th quarter. Barclays PLC now owns 7,364 shares of the bank’s stock worth $294,000 after purchasing an additional 1,983 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in Ohio Valley Banc in the fourth quarter valued at approximately $55,000. 22.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings cut Ohio Valley Banc from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Get Our Latest Stock Report on Ohio Valley Banc

Ohio Valley Banc Company Profile

(Get Free Report)

Ohio Valley Banc Corp is a bank holding company headquartered in Wheeling, West Virginia, operating through its principal subsidiary, The Ohio Valley Bank. As a locally focused financial institution, the company delivers a range of banking and financial solutions designed to meet the needs of individual, small business and commercial clients across its service area.

Through its subsidiary, Ohio Valley Banc offers traditional banking products including checking and savings accounts, certificates of deposit and consumer and residential mortgage loans.

Featured Stories

Earnings History for Ohio Valley Banc (NASDAQ:OVBC)

Receive News & Ratings for Ohio Valley Banc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ohio Valley Banc and related companies with MarketBeat.com's FREE daily email newsletter.