Ohio Valley Banc Corp. (OVBC) Announces Earnings Results
Ohio Valley Banc Corp. (NASDAQ:OVBC) released its quarterly earnings results on Thursday, July 27th. The bank reported $0.37 EPS for the quarter, Bloomberg Earnings reports. Ohio Valley Banc Corp. had a return on equity of 6.88% and a net margin of 14.18%. The business had revenue of $12.18 million for the quarter.
Shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) traded up 0.16% during mid-day trading on Wednesday, reaching $30.75. The company had a trading volume of 224 shares. The company has a market capitalization of $144.00 million, a PE ratio of 19.36 and a beta of 0.07. The company’s 50-day moving average price is $35.07 and its 200-day moving average price is $31.51. Ohio Valley Banc Corp. has a 52-week low of $21.60 and a 52-week high of $37.50.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 10th. Investors of record on Friday, July 28th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.74%. The ex-dividend date was Wednesday, July 26th. Ohio Valley Banc Corp.’s dividend payout ratio is currently 53.50%.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company purchased a new position in Ohio Valley Banc Corp. during the second quarter valued at $181,000. California State Teachers Retirement System bought a new position in shares of Ohio Valley Banc Corp. during the second quarter worth approximately $260,000. State Street Corp bought a new position in shares of Ohio Valley Banc Corp. during the second quarter worth approximately $1,499,000. Finally, Vanguard Group Inc. raised its position in shares of Ohio Valley Banc Corp. by 23.8% in the second quarter. Vanguard Group Inc. now owns 43,687 shares of the bank’s stock worth $1,575,000 after buying an additional 8,401 shares during the period. Institutional investors own 6.89% of the company’s stock.
Ohio Valley Banc Corp. Company Profile
Ohio Valley Banc Corp. is a financial holding company. The Company has a banking subsidiary, The Ohio Valley Bank Company (the Bank). The Company’s financial service operations are aggregated in two segments: banking and consumer finance. The Company also owns nonbank subsidiaries, which include Loan Central, Inc, which engages in lending; Ohio Valley Financial Services Agency, LLC, which is used to facilitate the receipt of commissions on insurances sold by the Bank and Loan Central, and OVBC Captive, Inc, a limited purpose property and casualty insurance company.
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