Ohio Valley Banc Corp. (OVBC) to Issue Quarterly Dividend of $0.21 on February 10th

Ohio Valley Banc Corp. (NASDAQ:OVBC – Get Rating) declared a quarterly dividend on Tuesday, January 17th, investing.com reports. Shareholders of record on Friday, January 27th will be given a dividend of 0.21 per share by the bank on Friday, February 10th. This represents a $0.84 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Thursday, January 26th. This is a positive change from Ohio Valley Banc’s previous quarterly dividend of $0.15.

Ohio Valley Banc has increased its dividend payment by an average of 5.6% per year over the last three years.

Ohio Valley Banc Stock Performance

NASDAQ OVBC opened at $26.04 on Tuesday. The stock’s fifty day moving average is $26.75 and its two-hundred day moving average is $27.94. The firm has a market capitalization of $124.21 million, a P/E ratio of 10.25 and a beta of 0.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.88 and a current ratio of 0.88. Ohio Valley Banc has a fifty-two week low of $22.68 and a fifty-two week high of $32.49.

Ohio Valley Banc (NASDAQ:OVBC – Get Rating) last released its quarterly earnings data on Friday, October 28th. The bank reported $0.77 earnings per share for the quarter. Ohio Valley Banc had a return on equity of 8.99% and a net margin of 21.66%. The company had revenue of $14.46 million for the quarter.

Hedge Funds Weigh In On Ohio Valley Banc

Large investors have recently modified their holdings of the business. Bank of New York Mellon Corp purchased a new stake in shares of Ohio Valley Banc in the 1st quarter valued at $201,000. State Street Corp raised its holdings in shares of Ohio Valley Banc by 12.4% in the 1st quarter. State Street Corp now owns 11,129 shares of the bank’s stock valued at $336,000 after buying an additional 1,224 shares during the period. BlackRock Inc. raised its holdings in shares of Ohio Valley Banc by 166.0% in the 3rd quarter. BlackRock Inc. now owns 47,165 shares of the bank’s stock valued at $1,313,000 after buying an additional 29,433 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Ohio Valley Banc by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 77,454 shares of the bank’s stock valued at $2,339,000 after buying an additional 394 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Ohio Valley Banc by 7.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 122,161 shares of the bank’s stock valued at $3,689,000 after buying an additional 8,218 shares during the period. Institutional investors and hedge funds own 13.45% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Ohio Valley Banc in a research note on Tuesday. They issued a “hold” rating on the stock.

About Ohio Valley Banc

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Ohio Valley Banc Corp. operates as a financial holding company engaged in the provision of community banking services through its wholly owned subsidiary, Ohio Valley Bank Co The firm operates through the following segments: Banking and Consumer Finance. It also offers non-banking activities, such as securities underwriting and dealing activities, insurance agency and underwriting activities, and merchant banking and equity investment activities.