Ohio Valley Banc Corp. (NASDAQ:OVBC) Declares $0.25 Quarterly Dividend

Ohio Valley Banc Corp. (NASDAQ:OVBC) declared a quarterly dividend on Tuesday, July 14th. Shareholders of record on Friday, July 24th will be paid a dividend of 0.25 per share by the bank on Monday, August 10th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, July 24th.

Ohio Valley Banc has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 3 years.

Ohio Valley Banc Price Performance

OVBC stock opened at $43.19 on Wednesday. The firm has a 50 day moving average price of $46.08 and a 200-day moving average price of $43.81. Ohio Valley Banc has a 52-week low of $31.61 and a 52-week high of $54.96. The firm has a market capitalization of $203.42 million, a price-to-earnings ratio of 13.17 and a beta of 0.03. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and a current ratio of 0.94.

Ohio Valley Banc (NASDAQ:OVBC) last issued its quarterly earnings results on Tuesday, April 28th. The bank reported $0.91 EPS for the quarter. The firm had revenue of $18.18 million for the quarter. Ohio Valley Banc had a return on equity of 9.29% and a net margin of 16.05%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of OVBC. Kestra Advisory Services LLC purchased a new stake in shares of Ohio Valley Banc during the fourth quarter valued at $55,000. GAMMA Investing LLC raised its position in Ohio Valley Banc by 2,993.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,516 shares of the bank’s stock worth $66,000 after buying an additional 1,467 shares during the last quarter. JPMorgan Chase & Co. bought a new position in Ohio Valley Banc during the 2nd quarter valued at about $58,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Ohio Valley Banc during the 2nd quarter valued at about $67,000. Finally, Deutsche Bank AG lifted its stake in Ohio Valley Banc by 25.1% during the 4th quarter. Deutsche Bank AG now owns 2,285 shares of the bank’s stock valued at $91,000 after acquiring an additional 458 shares during the period. 22.06% of the stock is owned by institutional investors.

About Ohio Valley Banc

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.