Ohio Valley Banc (NASDAQ:OVBC) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research report sent to investors on Wednesday morning. The firm issued a hold rating on the bank’s stock.

Ohio Valley Banc Stock Down 3.0 %

NASDAQ OVBC traded down $0.73 on Wednesday, reaching $23.50. The stock had a trading volume of 289 shares, compared to its average volume of 3,657. Ohio Valley Banc has a 1 year low of $19.35 and a 1 year high of $25.95. The business has a 50 day moving average price of $22.03 and a 200 day moving average price of $23.31. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $112.57 million, a price-to-earnings ratio of 9.82 and a beta of 0.05.

Ohio Valley Banc Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, August 10th. Shareholders of record on Friday, July 26th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, July 26th. This is a boost from Ohio Valley Banc’s previous quarterly dividend of $0.15. This represents a $0.88 dividend on an annualized basis and a yield of 3.74%. Ohio Valley Banc’s payout ratio is 36.51%.

About Ohio Valley Banc

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.