Ohio Valley Banc Corp. (NASDAQ:OVBC) Plans Quarterly Dividend of $0.23

Ohio Valley Banc Corp. (NASDAQ:OVBC) declared a quarterly dividend on Tuesday, April 15th, RTT News reports. Shareholders of record on Friday, April 25th will be paid a dividend of 0.23 per share by the bank on Saturday, May 10th. This represents a $0.92 dividend on an annualized basis and a yield of 3.10%. This is a 4.5% increase from Ohio Valley Banc’s previous quarterly dividend of $0.22.

Ohio Valley Banc has raised its dividend payment by an average of 1.6% annually over the last three years.

Ohio Valley Banc Stock Performance

Shares of NASDAQ:OVBC traded up $0.58 during midday trading on Tuesday, reaching $29.65. The company had a trading volume of 5,837 shares, compared to its average volume of 6,143. Ohio Valley Banc has a 52-week low of $19.35 and a 52-week high of $32.81. The company’s 50 day moving average price is $28.52 and its 200 day moving average price is $25.94. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. The stock has a market cap of $139.68 million, a P/E ratio of 12.78 and a beta of 0.06.

Ohio Valley Banc (NASDAQ:OVBC) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $0.53 EPS for the quarter. Ohio Valley Banc had a return on equity of 7.44% and a net margin of 12.37%.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Ohio Valley Banc in a research note on Tuesday, March 18th. 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.