Ohio Valley Banc Corp. (NASDAQ:OVBC) announced a quarterly dividend on Wednesday, January 17th, Wall Street Journal reports. Investors of record on Friday, January 26th will be paid a dividend of 0.21 per share by the bank on Saturday, February 10th. This represents a $0.84 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Thursday, January 25th.

Shares of Ohio Valley Banc (NASDAQ OVBC) opened at $40.25 on Friday. The company has a market capitalization of $186.28, a price-to-earnings ratio of 21.58 and a beta of 0.16. Ohio Valley Banc has a fifty-two week low of $27.25 and a fifty-two week high of $43.85. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.41.

Ohio Valley Banc (NASDAQ:OVBC) last issued its earnings results on Thursday, October 26th. The bank reported $0.35 earnings per share (EPS) for the quarter. The firm had revenue of $12.55 million for the quarter. Ohio Valley Banc had a return on equity of 8.01% and a net margin of 16.04%.

Several institutional investors and hedge funds have recently modified their holdings of OVBC. The Manufacturers Life Insurance Company bought a new stake in shares of Ohio Valley Banc in the second quarter valued at $181,000. California State Teachers Retirement System bought a new stake in shares of Ohio Valley Banc in the second quarter valued at $260,000. State Street Corp bought a new stake in shares of Ohio Valley Banc in the second quarter valued at $1,499,000. Finally, Vanguard Group Inc. raised its stake in shares of Ohio Valley Banc 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 period. Hedge funds and other institutional investors own 13.76% of the company’s stock.

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

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About Ohio Valley Banc

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 (NASDAQ:OVBC)

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