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Last $22.70 USD
Change Today -0.2999 / -1.30%
Volume 310.0
OVBC On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

ohio valley banc corp (OVBC) Snapshot

Open
$22.70
Previous Close
$23.00
Day High
$22.70
Day Low
$22.70
52 Week High
01/26/15 - $24.51
52 Week Low
04/27/15 - $22.05
Market Cap
93.5M
Average Volume 10 Days
783.4
EPS TTM
$1.87
Shares Outstanding
4.1M
EX-Date
07/29/15
P/E TM
12.1x
Dividend
$0.84
Dividend Yield
3.92%
Current Stock Chart for OHIO VALLEY BANC CORP (OVBC)

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ohio valley banc corp (OVBC) Details

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 in southeastern Ohio and western West Virginia. 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. The company also provides various residential real estate loans, including one-to four-family residential mortgages; commercial loans for securing equipment, inventory, stock, commercial real estate, and rental property; and consumer loans secured by automobiles, mobile homes, recreational vehicles, and other personal property, as well as personal loans, unsecured credit card receivables, floor plan and student loans, and construction loans. In addition, it provides safe deposit boxes, wire transfers, credit card services, automated telephone banking systems, and Internet banking services; and financial management online services, such as cash management and news updates related to repossession auctions, current rates, and general bank news. Further, the company offers seasonal tax refund loan services, and specialty property and casualty insurance coverage services. The company operates through a network of 15 banking offices located in Ohio and West Virginia. Ohio Valley Banc Corp. was founded in 1872 and is headquartered in Gallipolis, Ohio.

264 Employees
Last Reported Date: 03/16/15
Founded in 1872

ohio valley banc corp (OVBC) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $344.2K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $195.9K
Chief Operating Officer and Chief Operating O...
Total Annual Compensation: $194.0K
Senior Vice President and Executive Vice Pres...
Total Annual Compensation: $193.4K
Compensation as of Fiscal Year 2014.

ohio valley banc corp (OVBC) Key Developments

Ohio Valley Banc Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Ohio Valley Banc Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. The company reported consolidated net income for the quarter ended June 30, 2015, of $1,410,000, an increase of 4.9% from the $1,344,000 earned for the second quarter of 2014.   Earnings per share were $0.34 compared to $0.33 for the prior year second quarter.  Total interest income was $8.866 million against $8.925 million a year ago. Net interest income was $8.149 million against $8.187 million a year ago. Income before income taxes was $1.713 million against $1.716 million a year ago. Return on average assets and return on average equity were 0.68% and 6.33%, respectively compared to 0.68% and 6.45%, respectively, for the same period in the prior year. Positively impacting net interest income was the growth in earning assets. The growth in earning assets was attributable to an increase in average loan balances and to an increase in balances being maintained in interest-bearing deposits with banks. The growth in loan balances occurred within all loan segments, but was primarily attributable to commercial lending. The growth in interest-bearing deposits with banks was related to higher balances being maintained at the Federal Reserve in relation to seasonal tax refund processing. For the six months ended June 30, 2015, net income totaled $5,034,000, a 2.6% increase from net income of $4,908,000 for the six months ended June 30, 2014.  Earnings per share were $1.22 for the first six months of 2015 versus $1.20 for the first six months of 2014.  Return on average assets and return on average equity were 1.19% and 11.53%, respectively, for the first half of 2015, compared to 1.20% and 12.03%, respectively, for the same period in the prior year. Total interest income was $18.493 million against $14.433 million a year ago. Net interest income was $17.079 million against $16.969 million a year ago. Income before income taxes was $6.783 million against $6.827 million a year ago. Book value per share was $21.59 as on June 30, 2015 compared to $20.58 as on June 30, 2014. The increase in earnings was related to the significant reduction in provision for loan loss expense, which offset much of the decrease in revenue from tax refund processing and the increase in noninterest expense. Overall, the effort of the employees of Ohio Valley Banc Corp. continues to produce solid results, which compare favorably in the banking industry.

Ohio Valley Banc Corp. Declares Quarterly Cash Dividend, Payable on August 10, 2015

On July 21, 2015, the board of directors of Ohio Valley Banc Corp. declared a quarterly cash dividend of $0.21 per share on its common shares, payable on August 10, 2015 to shareholders of record on July 31, 2015.

Gregory K. Hartley Resigns as a Director of Ohio Valley Banc Corp

On May 17, 2015, Gregory K. Hartley provided notice to Ohio Valley Banc Corp. of his resignation as a Director, effective immediately. Although Mr. Hartley joined the Board of Directors earlier this year at the request of the Board, which continues to believe that Mr. Hartley was an ideal addition to the Board, Mr. Hartley expressed his regret that urgent family matters requiring a great deal of his time and attention have made it impossible for him to continue to fulfill his duties as a director of OVBC.

 

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OVBC Competitors

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SB Financial Group Inc $11.00 USD 0.00
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Industry Analysis

OVBC

Industry Average

Valuation OVBC Industry Range
Price/Earnings 11.5x
Price/Sales 2.3x
Price/Book 1.1x
Price/Cash Flow 11.6x
TEV/Sales 0.2x
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