Ohio Valley Banc Corp. Announces Quarterly Dividend of $0.21 (OVBC)

Ohio Valley Banc Corp. (NASDAQ:OVBC) declared a quarterly dividend on Wednesday, July 19th, Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Wednesday, July 26th.

Ohio Valley Banc Corp. (OVBC) traded down 2.96% during trading on Friday, reaching $29.55. 8,982 shares of the company were exchanged. Ohio Valley Banc Corp. has a 52-week low of $21.60 and a 52-week high of $37.50. The firm’s 50 day moving average is $34.56 and its 200 day moving average is $31.51. The stock has a market capitalization of $138.38 million, a PE ratio of 18.61 and a beta of 0.07.

Ohio Valley Banc Corp. (NASDAQ:OVBC) last released its earnings results on Thursday, July 27th. The bank reported $0.37 earnings per share (EPS) for the quarter. Ohio Valley Banc Corp. had a return on equity of 6.88% and a net margin of 14.18%. The business had revenue of $12.18 million for the quarter.

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Hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company bought a new stake in Ohio Valley Banc Corp. during the second quarter valued at about $181,000. California State Teachers Retirement System bought a new stake in Ohio Valley Banc Corp. during the second quarter valued at about $260,000. Vanguard Group Inc. raised its stake in Ohio Valley Banc Corp. by 23.8% in the second quarter. Vanguard Group Inc. now owns 43,687 shares of the bank’s stock valued at $1,575,000 after buying an additional 8,401 shares during the last quarter. Finally, State Street Corp bought a new stake in Ohio Valley Banc Corp. during the second quarter valued at about $1,499,000. Institutional investors and hedge funds own 6.89% of the company’s stock.

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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