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

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 paid a dividend of 0.22 per share by the bank on Friday, May 10th. This represents a $0.88 annualized dividend and a yield of 3.74%. The ex-dividend date is Thursday, April 25th.

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

Ohio Valley Banc Stock Performance

Shares of OVBC stock opened at $23.50 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.95 and a current ratio of 0.95. Ohio Valley Banc has a fifty-two week low of $21.67 and a fifty-two week high of $25.95. The stock has a 50 day moving average price of $24.27 and a two-hundred day moving average price of $23.81. The company has a market capitalization of $112.57 million, a P/E ratio of 8.87 and a beta of 0.11.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Ohio Valley Banc in a research report on Tuesday, April 16th. They issued a “hold” rating for the company.

Ohio Valley Banc Company Profile

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.