Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) posted its earnings results on Monday. The bank reported $0.58 earnings per share (EPS) for the quarter, RTT News reports. The company had revenue of $22.26 million for the quarter. Ohio Valley Banc had a return on equity of 7.85% and a net margin of 13.72%. During the same quarter in the previous year, the business posted $0.47 earnings per share.
Ohio Valley Banc Stock Performance
Shares of OVBC traded up $0.30 during trading hours on Tuesday, reaching $24.05. 2,202 shares of the company's stock traded hands, compared to its average volume of 3,386. The firm has a market capitalization of $115.30 million, a price-to-earnings ratio of 9.60 and a beta of 0.03. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.95 and a quick ratio of 0.95. Ohio Valley Banc has a twelve month low of $19.35 and a twelve month high of $25.50. The business's fifty day simple moving average is $23.94 and its two-hundred day simple moving average is $23.13.
Ohio Valley Banc Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Sunday, November 10th. Shareholders of record on Friday, October 25th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Friday, October 25th. Ohio Valley Banc's payout ratio is 36.51%.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on Ohio Valley Banc in a research note on Friday. They issued a "hold" rating on the stock.
View Our Latest Stock Analysis on Ohio Valley Banc
About Ohio Valley Banc
(
Get Free Report)
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.
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