Ohio Valley Banc (NASDAQ:OVBC) Issues Earnings Results

Ohio Valley Banc (NASDAQ:OVBC) posted its quarterly earnings data on Tuesday. The bank reported $0.84 earnings per share for the quarter, Zacks reports. Ohio Valley Banc had a return on equity of 8.97% and a net margin of 14.97%.

Ohio Valley Banc Stock Up 1.8%

Shares of Ohio Valley Banc stock opened at $41.06 on Wednesday. Ohio Valley Banc has a one year low of $22.85 and a one year high of $42.00. The company has a market cap of $193.39 million and a P/E ratio of 13.69. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a fifty day moving average of $40.09 and a two-hundred day moving average of $37.27.

Ohio Valley Banc Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 10th. Shareholders of record on Friday, January 23rd will be given a dividend of $0.23 per share. The ex-dividend date is Friday, January 23rd. This represents a $0.92 dividend on an annualized basis and a yield of 2.2%. Ohio Valley Banc’s dividend payout ratio is presently 30.67%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Ohio Valley Banc in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy”.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new stake in Ohio Valley Banc in the 2nd quarter valued at approximately $58,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Ohio Valley Banc in the 2nd quarter valued at approximately $67,000. Bank of America Corp DE boosted its stake in shares of Ohio Valley Banc by 104.0% in the second quarter. Bank of America Corp DE now owns 3,336 shares of the bank’s stock valued at $108,000 after buying an additional 1,701 shares in the last quarter. New York State Common Retirement Fund purchased a new stake in shares of Ohio Valley Banc in the second quarter valued at approximately $110,000. Finally, Jane Street Group LLC acquired a new position in Ohio Valley Banc during the first quarter worth $232,000. 22.06% of the stock is owned by hedge funds and other institutional investors.

About Ohio Valley Banc

Ohio Valley Banc Corp is a bank holding company headquartered in Wheeling, West Virginia, operating through its principal subsidiary, The Ohio Valley Bank. As a locally focused financial institution, the company delivers a range of banking and financial solutions designed to meet the needs of individual, small business and commercial clients across its service area.

Through its subsidiary, Ohio Valley Banc offers traditional banking products including checking and savings accounts, certificates of deposit and consumer and residential mortgage loans.