Ohio Valley Banc Corp. (OVBC) to Issue $0.21 Quarterly Dividend

Ohio Valley Banc Corp. (NASDAQ:OVBC) announced a quarterly dividend on Wednesday, July 19th, Wall Street Journal reports. Stockholders of record on Friday, July 28th will be given a dividend of 0.21 per share by the bank on Thursday, August 10th. This represents a $0.84 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Wednesday, July 26th.

Shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) opened at 31.20 on Friday. The stock’s 50 day moving average is $35.23 and its 200 day moving average is $31.41. The company has a market capitalization of $146.11 million, a P/E ratio of 19.65 and a beta of 0.07. Ohio Valley Banc Corp. has a 52-week low of $21.60 and a 52-week high of $37.50.

Ohio Valley Banc Corp. (NASDAQ:OVBC) last issued its earnings results on Thursday, July 27th. The bank reported $0.37 earnings per share (EPS) for the quarter. The business had revenue of $12.18 million during the quarter. Ohio Valley Banc Corp. had a net margin of 14.18% and a return on equity of 6.93%.

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An institutional investor recently raised its position in Ohio Valley Banc Corp. stock. Vanguard Group Inc. boosted its stake in Ohio Valley Banc Corp. (NASDAQ:OVBC) by 23.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,687 shares of the bank’s stock after buying an additional 8,401 shares during the period. Vanguard Group Inc. owned about 0.93% of Ohio Valley Banc Corp. worth $1,575,000 as of its most recent SEC filing. 6.43% of the stock is currently owned by institutional investors.

Ohio Valley Banc Corp. Company Profile

Ohio Valley Banc Corp. is a financial holding company. The Company has a banking subsidiary, The Ohio Valley Bank Company (the Bank). The Company’s financial service operations are aggregated in two segments: banking and consumer finance. The Company also owns nonbank subsidiaries, which include Loan Central, Inc, which engages in lending; Ohio Valley Financial Services Agency, LLC, which is used to facilitate the receipt of commissions on insurances sold by the Bank and Loan Central, and OVBC Captive, Inc, a limited purpose property and casualty insurance company.

Dividend History for Ohio Valley Banc Corp. (NASDAQ:OVBC)

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