Ohio Valley Banc Corp. (OVBC) Issues Quarterly Earnings Results

Ohio Valley Banc Corp. (NASDAQ:OVBC) announced its quarterly earnings results on Thursday. The bank reported $0.35 EPS for the quarter, Bloomberg Earnings reports. The company had revenue of $12.55 million during the quarter. Ohio Valley Banc Corp. had a return on equity of 8.07% and a net margin of 16.04%.

Shares of Ohio Valley Banc Corp. (NASDAQ OVBC) traded up 1.82% during midday trading on Friday, reaching $36.45. The company’s stock had a trading volume of 4,821 shares. The stock has a 50-day moving average price of $35.56 and a 200 day moving average price of $33.61. The stock has a market capitalization of $170.70 million, a PE ratio of 22.95 and a beta of 0.12. Ohio Valley Banc Corp. has a 52 week low of $23.45 and a 52 week high of $39.00.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 27th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $0.84 annualized dividend and a yield of 2.30%. Ohio Valley Banc Corp.’s dividend payout ratio is presently 45.65%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company acquired a new stake in shares of Ohio Valley Banc Corp. in the second quarter worth about $181,000. California State Teachers Retirement System acquired a new stake in shares of Ohio Valley Banc Corp. in the second quarter worth about $260,000. State Street Corp acquired a new stake in shares of Ohio Valley Banc Corp. in the second quarter worth about $1,499,000. Finally, Vanguard Group Inc. lifted its position in shares of Ohio Valley Banc Corp. by 23.8% in the second quarter. Vanguard Group Inc. now owns 43,687 shares of the bank’s stock worth $1,575,000 after buying an additional 8,401 shares during the last quarter. 13.23% of the stock is owned by hedge funds and other institutional investors.

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Ohio Valley Banc Corp. Company Profile

Ohio Valley Banc Corp. is a financial holding company. The Company has a banking subsidiary, The Ohio Valley Bank Company (the Bank). The Company’s financial service operations are aggregated in two segments: banking and consumer finance. The Company also owns nonbank subsidiaries, which include Loan Central, Inc, which engages in lending; Ohio Valley Financial Services Agency, LLC, which is used to facilitate the receipt of commissions on insurances sold by the Bank and Loan Central, and OVBC Captive, Inc, a limited purpose property and casualty insurance company.

Earnings History for Ohio Valley Banc Corp. (NASDAQ:OVBC)

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