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

Ohio Valley Banc Corp. (NASDAQ:OVBC) announced its earnings results on Thursday, July 27th. The bank reported $0.37 earnings per share for the quarter, Bloomberg Earnings reports. Ohio Valley Banc Corp. had a net margin of 14.18% and a return on equity of 6.93%. The company had revenue of $12.18 million during the quarter.

Ohio Valley Banc Corp. (NASDAQ:OVBC) traded down 1.99% on Tuesday, hitting $32.00. 7,917 shares of the stock traded hands. Ohio Valley Banc Corp. has a 12-month low of $21.60 and a 12-month high of $37.50. The stock has a market cap of $149.86 million, a price-to-earnings ratio of 20.15 and a beta of 0.07. The firm’s 50-day moving average price is $35.83 and its 200-day moving average price is $31.24.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 10th. Stockholders of record on Friday, July 28th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Wednesday, July 26th. Ohio Valley Banc Corp.’s payout ratio is 53.50%.

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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.