Ohio Valley Banc Corp. Declares Quarterly Dividend of $0.21 (OVBC)

Ohio Valley Banc Corp. (NASDAQ:OVBC) announced a quarterly dividend on Wednesday, October 17th, Wall Street Journal reports. Stockholders of record on Friday, October 26th will be given a dividend of 0.21 per share by the bank on Saturday, November 10th. This represents a $0.84 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Thursday, October 25th.

Shares of OVBC stock opened at $38.25 on Friday. Ohio Valley Banc has a 1-year low of $34.56 and a 1-year high of $56.15. The firm has a market cap of $185.46 million, a P/E ratio of 17.36 and a beta of 0.08. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44.

Ohio Valley Banc (NASDAQ:OVBC) last posted its earnings results on Thursday, July 26th. The bank reported $0.63 earnings per share for the quarter. The company had revenue of $13.18 million for the quarter. Ohio Valley Banc had a return on equity of 9.62% and a net margin of 15.48%.

In other news, Director John G. Jones sold 1,219 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $47.00, for a total value of $57,293.00. Following the transaction, the director now directly owns 53,242 shares in the company, valued at approximately $2,502,374. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John G. Jones sold 15,966 shares of the firm’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $48.19, for a total value of $769,401.54. Following the completion of the transaction, the director now owns 53,242 shares in the company, valued at $2,565,731.98. The disclosure for this sale can be found here. Insiders have sold 17,185 shares of company stock worth $826,695 over the last quarter. 7.12% of the stock is currently owned by company insiders.

Several research firms recently weighed in on OVBC. BidaskClub downgraded Ohio Valley Banc from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 12th. ValuEngine downgraded Ohio Valley Banc from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th.

Ohio Valley Banc Company Profile

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.

Featured Article: How to Invest in an Index Fund

Dividend History for Ohio Valley Banc (NASDAQ:OVBC)

Receive News & Ratings for Ohio Valley Banc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ohio Valley Banc and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply