Ohio Valley Banc Corp. (NASDAQ:OVBC) Announces $0.21 Quarterly Dividend

Ohio Valley Banc Corp. (NASDAQ:OVBC – Get Rating) announced a quarterly dividend on Tuesday, April 19th, Zacks reports. Stockholders of record on Friday, April 29th will be paid a dividend of 0.21 per share by the bank on Tuesday, May 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, April 28th.

Shares of OVBC stock opened at $30.48 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $145.45 million, a PE ratio of 12.44 and a beta of 0.26. The stock has a 50-day moving average of $30.43 and a 200-day moving average of $29.35. Ohio Valley Banc has a one year low of $22.33 and a one year high of $32.29.

Ohio Valley Banc (NASDAQ:OVBC – Get Rating) last announced its quarterly earnings results on Thursday, January 27th. The bank reported $0.48 EPS for the quarter. The company had revenue of $11.80 million during the quarter. Ohio Valley Banc had a return on equity of 8.39% and a net margin of 21.50%.

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its position in shares of Ohio Valley Banc by 2.5% in the 4th quarter. BlackRock Inc. now owns 18,961 shares of the bank’s stock valued at $562,000 after purchasing an additional 461 shares during the period. Royal Bank of Canada grew its position in shares of Ohio Valley Banc by 40.1% in the 2nd quarter. Royal Bank of Canada now owns 3,016 shares of the bank’s stock valued at $74,000 after purchasing an additional 863 shares during the period. Geode Capital Management LLC grew its position in shares of Ohio Valley Banc by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 25,721 shares of the bank’s stock valued at $701,000 after purchasing an additional 941 shares during the period. Morgan Stanley grew its position in shares of Ohio Valley Banc by 10,652.2% in the 2nd quarter. Morgan Stanley now owns 2,473 shares of the bank’s stock valued at $61,000 after purchasing an additional 2,450 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Ohio Valley Banc by 5.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 113,943 shares of the bank’s stock valued at $3,310,000 after purchasing an additional 6,054 shares during the period. Institutional investors and hedge funds own 13.61% of the company’s stock.

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

About Ohio Valley Banc (Get Rating)

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.

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