8,418 Shares in Ohio Valley Banc Corp. (NASDAQ:OVBC) Purchased by Empowered Funds LLC

Empowered Funds LLC purchased a new position in Ohio Valley Banc Corp. (NASDAQ:OVBC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned approximately 0.18% of Ohio Valley Banc at the end of the most recent quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Ohio Valley Banc in a report on Tuesday. They issued a “hold” rating for the company.

Ohio Valley Banc Trading Up 1.3 %

OVBC opened at $27.36 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32. The firm has a market cap of $128.87 million, a price-to-earnings ratio of 11.08 and a beta of 0.03. Ohio Valley Banc Corp. has a 52 week low of $19.35 and a 52 week high of $27.97. The business’s 50 day moving average is $24.44 and its two-hundred day moving average is $23.40.

Ohio Valley Banc (NASDAQ:OVBC) last issued its quarterly earnings data on Monday, October 28th. The bank reported $0.58 earnings per share (EPS) for the quarter. The firm had revenue of $22.26 million during the quarter. Ohio Valley Banc had a return on equity of 7.97% and a net margin of 13.66%. During the same period in the prior year, the firm posted $0.47 earnings per share.

Ohio Valley Banc Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, November 10th. Shareholders of record on Friday, October 25th were given a dividend of $0.22 per share. The ex-dividend date was Friday, October 25th. This represents a $0.88 dividend on an annualized basis and a yield of 3.22%. Ohio Valley Banc’s dividend payout ratio (DPR) is 35.63%.

About Ohio Valley Banc

Ohio Valley Banc Corp. operates as the bank holding company for The Ohio Valley Bank Company that provides commercial and consumer banking products and services. The company operates in two segments, Banking and Consumer Finance. It accepts various deposit products, including checking, savings, time, and money market accounts, as well as individual retirement accounts, demand deposits, NOW accounts, and certificates of deposit.