Ohio Valley Banc (OVBC) Posts Earnings Results

Ohio Valley Banc (NASDAQ:OVBC) posted its earnings results on Tuesday. The bank reported $0.57 EPS for the quarter, Bloomberg Earnings reports. Ohio Valley Banc had a net margin of 13.62% and a return on equity of 8.54%. The business had revenue of $12.46 million for the quarter.

Ohio Valley Banc (OVBC) opened at $41.10 on Thursday. Ohio Valley Banc has a 12-month low of $27.30 and a 12-month high of $43.85. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $202.94, a price-to-earnings ratio of 21.84 and a beta of 0.16.

The company also recently announced a quarterly dividend, which will be paid on Saturday, February 10th. Stockholders of record on Friday, January 26th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, January 25th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.04%. Ohio Valley Banc’s payout ratio is currently 52.50%.

Separately, ValuEngine cut shares of Ohio Valley Banc from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

Hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company acquired a new position in shares of Ohio Valley Banc during the second quarter worth $181,000. California State Teachers Retirement System acquired a new position in shares of Ohio Valley Banc during the second quarter worth $260,000. State Street Corp acquired a new position in shares of Ohio Valley Banc during the second quarter worth $1,499,000. Finally, Vanguard Group Inc. lifted its position in shares of Ohio Valley Banc by 23.8% during the second quarter. Vanguard Group Inc. now owns 43,687 shares of the bank’s stock worth $1,575,000 after purchasing an additional 8,401 shares in the last quarter. 13.76% of the stock is currently owned by institutional investors and hedge funds.

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Ohio Valley Banc 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 (NASDAQ:OVBC)

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