Ohio Valley Banc (NASDAQ:OVBC) Issues Earnings Results

Ohio Valley Banc (NASDAQ:OVBC) posted its quarterly earnings data on Tuesday, January 30th. The bank reported $0.57 earnings per share for the quarter, Bloomberg Earnings reports. The firm had revenue of $12.46 million for the quarter. Ohio Valley Banc had a net margin of 13.62% and a return on equity of 8.54%.

Shares of Ohio Valley Banc (OVBC) opened at $40.35 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.41. The firm has a market cap of $190.51, a price-to-earnings ratio of 25.22 and a beta of 0.20. Ohio Valley Banc has a 52-week low of $28.00 and a 52-week high of $43.85.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, February 10th. Stockholders of record on Friday, January 26th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Thursday, January 25th. Ohio Valley Banc’s dividend payout ratio (DPR) 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.

Institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company purchased a new stake in shares of Ohio Valley Banc during the 2nd quarter valued at $181,000. California State Teachers Retirement System purchased a new stake in shares of Ohio Valley Banc during the 2nd quarter valued at $260,000. State Street Corp purchased a new stake in shares of Ohio Valley Banc during the 2nd quarter valued at $1,499,000. Finally, Vanguard Group Inc. raised its position in Ohio Valley Banc by 23.8% in the 2nd 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 during the period. Hedge funds and other institutional investors own 13.98% of the company’s stock.

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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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