Ohio Valley Banc (NASDAQ:OVBC) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Ohio Valley Banc Corp. (NASDAQ:OVBC)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $23.15 and traded as high as $24.10. Ohio Valley Banc shares last traded at $24.10, with a volume of 1,884 shares.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Ohio Valley Banc in a report on Friday. They issued a “hold” rating for the company.

Ohio Valley Banc Trading Down 2.9 %

The firm has a market capitalization of $111.17 million, a price-to-earnings ratio of 9.62 and a beta of 0.03. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average is $23.94 and its 200 day moving average is $23.15.

Ohio Valley Banc (NASDAQ:OVBC) last announced its quarterly earnings data on Friday, July 26th. The bank reported $0.63 EPS for the quarter. The company had revenue of $14.66 million during the quarter. Ohio Valley Banc had a return on equity of 7.85% and a net margin of 13.72%.

Ohio Valley Banc Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, November 10th. Stockholders of record on Friday, October 25th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend is Friday, October 25th. Ohio Valley Banc’s dividend 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.