Ohio Valley Banc (NASDAQ:OVBC) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a report released on Monday. The firm issued a hold rating on the bank’s stock.

Ohio Valley Banc Trading Down 1.0 %

NASDAQ:OVBC opened at $24.00 on Monday. The stock’s 50 day moving average price is $21.99 and its 200 day moving average price is $23.29. Ohio Valley Banc has a 52 week low of $19.35 and a 52 week high of $25.95. The company has a market capitalization of $114.96 million, a P/E ratio of 9.96 and a beta of 0.05. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.95 and a current ratio of 0.95.

Ohio Valley Banc Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, August 10th. Shareholders of record on Friday, July 26th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.67%. The ex-dividend date is Friday, July 26th. This is an increase from Ohio Valley Banc’s previous quarterly dividend of $0.15. Ohio Valley Banc’s dividend payout ratio (DPR) 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.