Ohio Valley Banc Corp. (NASDAQ:OVBC) Raises Dividend to $0.23 Per Share

Ohio Valley Banc Corp. (NASDAQ:OVBC) declared a quarterly dividend on Tuesday, April 15th, RTT News reports. Stockholders of record on Friday, April 25th will be paid a dividend of 0.23 per share by the bank on Saturday, May 10th. This represents a $0.92 annualized dividend and a dividend yield of 3.10%. This is a 4.5% increase from Ohio Valley Banc’s previous quarterly dividend of $0.22.

Ohio Valley Banc has raised its dividend payment by an average of 1.6% per year over the last three years.

Ohio Valley Banc Price Performance

Shares of NASDAQ OVBC traded up $0.58 during mid-day trading on Tuesday, hitting $29.65. 5,837 shares of the stock traded hands, compared to its average volume of 6,143. The company has a market cap of $139.68 million, a PE ratio of 12.78 and a beta of 0.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a 50 day simple moving average of $28.52 and a two-hundred day simple moving average of $25.94. Ohio Valley Banc has a twelve month low of $19.35 and a twelve month high of $32.81.

Ohio Valley Banc (NASDAQ:OVBC) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $0.53 EPS for the quarter. Ohio Valley Banc had a return on equity of 7.44% and a net margin of 12.37%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Ohio Valley Banc in a research report on Tuesday, March 18th. They issued a “hold” rating for the company.

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.