Ohio Valley Banc Corp. (NASDAQ:OVBC) stock observed trading -45.42% off 52-week high price. On the other end, the stock has been noted 17.97% away from low price over the last 52-weeks. The stock disclosed a move of 1.39% away from 50 day moving average and -11.44% away from 200 day moving average. Moving closer, we can see that shares have been trading 1.46% off 20-day moving average. It has market cap of $106.68M and dividend yield of 3.71%.

 On Oct. 27, 2020, Ohio Valley Banc Corp. (NASDAQ:OVBC) declared consolidated net income for the quarter ended September 30, 2020, of $2,294,000, an increase of 7.3 percent from the $2,137,000 earned for the third quarter of 2019. Earnings per share for the third quarter of 2020 were $.48 compared to $.45 for the prior year third quarter, a 6.7 percent increase. For the nine months ended September 30, 2020, net income totaled $5,559,000, a decrease of $850,000 from the same period the prior year. Earnings per share were $1.16 for the first nine months of 2020 versus $1.35 for the first nine months of 2019. Return on average assets and return on average equity were .69 percent and 5.70 percent, respectively, for the first nine months of 2020, compared to .83 percent and 7.07 percent, respectively, for the same period in the prior year.

Tom Wiseman, Chairman and CEO of Ohio Valley Banc Corp., commented, This year has certainly provided challenges for many people. The impact of the pandemic has been felt by everyone, including our own communities. Ohio Valley Banc Corp.’s subsidiaries have continued working to reduce the weight of the economic downturn and consumer shifts that the pandemic has caused. As we continue to navigate these challenges together, I want to stress that Ohio Valley Bank and Loan Central remain committed to being steadfast resources for our communities. In line with our Community First mission, we continue to serve our area as best we can while remaining your strong, independent community bank.

 The USA based company Ohio Valley Banc Corp. moved with change of 2.49% to $22.65 with the total traded volume of 7435 shares in recent session versus to an average volume of 3.86K. The stock was observed in the 5 days activity at 1.12%. The one month performance of stock was 5.84%. OVBC’s shares are at 11.91% for the quarter and driving a -36.55% return over the course of the past year and is now at -42.83% since this point in 2018.  Right now the stock beta is 0.19. The average volatility for the week and month was at 4.04% and 3.53% respectively. There are 4.79M shares outstanding and 3.94M shares are floated in market.

Leave a Reply

Your email address will not be published. Required fields are marked *