Ohio Valley Banc (NASDAQ:OVBC) Releases Quarterly Earnings Results

Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) announced its quarterly earnings data on Tuesday. The bank reported $0.53 EPS for the quarter, Zacks reports. Ohio Valley Banc had a net margin of 12.37% and a return on equity of 7.44%.

Ohio Valley Banc Price Performance

OVBC traded up $0.22 during midday trading on Friday, hitting $23.92. 7,164 shares of the company traded hands, compared to its average volume of 7,368. The company has a market capitalization of $112.68 million, a price-to-earnings ratio of 10.31 and a beta of 0.08. The business has a 50 day simple moving average of $24.93 and a two-hundred day simple moving average of $24.27. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. Ohio Valley Banc has a 52-week low of $19.35 and a 52-week high of $28.00.

Ohio Valley Banc Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 24th will be paid a $0.22 dividend. The ex-dividend date is Friday, January 24th. This represents a $0.88 dividend on an annualized basis and a yield of 3.68%. Ohio Valley Banc's dividend payout ratio is currently 37.93%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Ohio Valley Banc in a research report on Wednesday. They set a "hold" rating for the company.

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.