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.

TRADEMARK VIOLATION WARNING: This report was first published by Community Financial News and is owned by of Community Financial News. If you are reading this report on another website, it was illegally stolen and reposted in violation of United States and international trademark and copyright laws. The legal version of this report can be read at https://www.com-unik.info/2017/08/19/ohio-valley-banc-corp-ovbc-to-go-ex-dividend-on-july-26th-updated-updated-updated.html.

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)

What are top analysts saying about Ohio Valley Banc Corp.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Ohio Valley Banc Corp. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit