Ohio Valley Banc Corp. (NASDAQ:OVBC - Get Free Report) announced a quarterly dividend on Tuesday, April 15th, RTT News reports. Stockholders 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 dividend yield of 2.59%. The ex-dividend date is Friday, April 25th. This is a 4.5% increase from Ohio Valley Banc's previous quarterly dividend of $0.22.
Ohio Valley Banc has increased its dividend payment by an average of 1.6% per year over the last three years.
Ohio Valley Banc Stock Performance
NASDAQ:OVBC traded up $3.65 during mid-day trading on Friday, hitting $35.50. 27,458 shares of the company traded hands, compared to its average volume of 6,311. The stock's fifty day moving average price is $29.24 and its 200-day moving average price is $26.17. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32. Ohio Valley Banc has a one year low of $19.35 and a one year high of $37.34. The firm has a market cap of $167.24 million, a price-to-earnings ratio of 15.30 and a beta of 0.06.
Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last released its earnings results on Tuesday, January 28th. The bank reported $0.53 earnings per share (EPS) for the quarter. Ohio Valley Banc had a net margin of 12.37% and a return on equity of 7.44%.
Analyst Upgrades and Downgrades
Separately, StockNews.com assumed coverage on shares of Ohio Valley Banc in a research note on Tuesday, March 18th. They set a "hold" rating on the stock.
Read Our Latest Stock Report on OVBC
About Ohio Valley Banc
(
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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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