Ohio Valley Banc (OVBC) Posts Quarterly Earnings Results

Ohio Valley Banc (NASDAQ:OVBC) posted its quarterly earnings results on Tuesday, January 30th. The bank reported $0.57 earnings per share for the quarter, Bloomberg Earnings reports. Ohio Valley Banc had a return on equity of 8.54% and a net margin of 13.62%. The company had revenue of $12.46 million for the quarter.

Shares of Ohio Valley Banc (NASDAQ:OVBC) opened at $40.15 on Thursday. Ohio Valley Banc has a 52 week low of $28.00 and a 52 week high of $43.85. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $187.46, a price-to-earnings ratio of 20.18 and a beta of 0.20.

The firm also recently declared a quarterly dividend, which was paid on Saturday, February 10th. Shareholders of record on Friday, January 26th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Thursday, January 25th. Ohio Valley Banc’s dividend payout ratio is presently 52.50%.

Separately, ValuEngine cut Ohio Valley Banc from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

A number of institutional investors have recently bought and sold shares of OVBC. State Street Corp purchased a new position in shares of Ohio Valley Banc during the second quarter worth about $1,499,000. Vanguard Group Inc. grew its holdings in shares of Ohio Valley Banc by 23.8% during the second quarter. Vanguard Group Inc. now owns 43,687 shares of the bank’s stock worth $1,575,000 after purchasing an additional 8,401 shares during the last quarter. California State Teachers Retirement System purchased a new position in shares of Ohio Valley Banc during the second quarter worth about $260,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Ohio Valley Banc during the second quarter worth about $181,000. Institutional investors own 13.73% of the company’s stock.

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Ohio Valley Banc 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.

Earnings History for Ohio Valley Banc (NASDAQ:OVBC)

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