Ohio Valley Banc Corp. to Issue Quarterly Dividend of $0.23 (NASDAQ:OVBC)

Ohio Valley Banc Corp. (NASDAQ:OVBC) declared a quarterly dividend on Tuesday, January 13th. Investors of record on Friday, January 23rd will be paid a dividend of 0.23 per share by the bank on Tuesday, February 10th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, January 23rd.

Ohio Valley Banc has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 3 consecutive years.

Ohio Valley Banc Stock Down 1.6%

Shares of OVBC opened at $39.41 on Wednesday. The firm has a market cap of $185.62 million and a PE ratio of 13.14. The company’s fifty day moving average is $39.11 and its two-hundred day moving average is $36.82. Ohio Valley Banc has a fifty-two week low of $21.86 and a fifty-two week high of $42.00. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27.

Ohio Valley Banc (NASDAQ:OVBC) last issued its earnings results on Friday, November 14th. The bank reported $0.64 earnings per share for the quarter. The firm had revenue of $16.35 million for the quarter. Ohio Valley Banc had a return on equity of 8.97% and a net margin of 14.97%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OVBC. Empowered Funds LLC grew its holdings in Ohio Valley Banc by 6.4% during the 1st quarter. Empowered Funds LLC now owns 9,302 shares of the bank’s stock valued at $242,000 after purchasing an additional 558 shares in the last quarter. Jane Street Group LLC purchased a new position in Ohio Valley Banc in the 1st quarter valued at about $232,000. AA Financial Advisors LLC acquired a new stake in shares of Ohio Valley Banc during the second quarter valued at about $219,000. Ritholtz Wealth Management purchased a new stake in shares of Ohio Valley Banc during the second quarter worth about $300,000. Finally, Prosperity Consulting Group LLC acquired a new position in shares of Ohio Valley Banc in the second quarter worth about $1,301,000. 22.06% of the stock is currently owned by hedge funds and other institutional investors.

About Ohio Valley Banc

Ohio Valley Banc Corp is a bank holding company headquartered in Wheeling, West Virginia, operating through its principal subsidiary, The Ohio Valley Bank. As a locally focused financial institution, the company delivers a range of banking and financial solutions designed to meet the needs of individual, small business and commercial clients across its service area.

Through its subsidiary, Ohio Valley Banc offers traditional banking products including checking and savings accounts, certificates of deposit and consumer and residential mortgage loans.