Latest news with #OhioValleyBancCorp
Yahoo
01-07-2025
- Business
- Yahoo
Ohio Valley Banc Corp. Joins Russell 3000 Index
GALLIPOLIS, Ohio, July 1, 2025 /PRNewswire/ -- Ohio Valley Banc Corp. [Nasdaq: OVBC] was added as a member of the broad-market Russell 3000® Index, effective after the US market opened June 30 as part of the 2025 Russell indexes' reconstitution. Annual reconstitution of Russell's U.S. indexes captures the 4,000 largest US stocks as of April 30, ranking them by total market capitalization. Membership in the Russell 3000® Index, which remains in place for one year, means Ohio Valley Banc Corp. is also included in the small-cap Russell 2000® Index as well as appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. Russell Index mutual funds are required to own the shares of the member companies' stock. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider. Fiona Bassett, CEO of FTSE Russell, an LSEG business, comments: "The Russell indexes have continuously adapted to the evolving dynamic US economy, and it's crucial to fully recalibrate the suite of Russell US Indexes, ensuring the indexes maintain accurate representation of the market. The transition to a semi-annual reconstitution frequency from 2026 will ensure our indexes continue to represent the market and maintain the purpose of the index as a profitable benchmark." Ohio Valley Banc Corp. is based in Gallipolis, Ohio. The company owns The Ohio Valley Bank Company, with 17 offices in Ohio and West Virginia, and Loan Central, Inc., with six consumer finance offices in Ohio. Learn more about Ohio Valley Banc Corp. at Contact: Bryna Butler, 740-578-3400, bsbutler@ View original content to download multimedia: SOURCE Ohio Valley Banc Corp.
Yahoo
02-05-2025
- Business
- Yahoo
Why Ohio Valley Banc Corp. (OVBC) Is Surging in 2025
We recently published an article titled . In this article, we are going to take a look at where Ohio Valley Banc Corp. (NASDAQ:OVBC) stands against the other financial services stocks. The financial services sector has entered 2025 on a wave of strong performance and renewed investor interest. This sector consists of banking, payments, insurance, and asset management and is a cornerstone of the global economy. These stocks didn't do too well during the 2022 downturn, as there was uncertainty regarding whether or not the Federal Reserve would bail out regional banks. However, after the 'mini banking crisis' calmed down, these stocks have performed quite well despite the macro trends being uncertain. And for some stocks, that momentum has been even stronger so far this year. It's worth looking at why. Even during bear markets, there are pockets of the market that perform exceptionally well. For example, I identified in another article. For this article, I screened the best-performing financial services stocks year-to-date. I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). An experienced banker offering consultation to a customer on commercial real estate loans. Number of Hedge Fund Holders In Q4 2024: 3 Ohio Valley Banc Corp. (NASDAQ:OVBC) operates as the bank holding company for The Ohio Valley Bank Company, providing commercial and consumer banking, mortgage, and financial services in southern Ohio and western West Virginia. The stock has soared in 2025, primarily on the back of its Q1 2025 earnings report released in late April. OVBC reported net income of $4.4 million, a 57.8% increase from the prior year, with earnings per share jumping to $0.94 from $0.58. The company's return on average assets rose to 1.20%, and return on average equity reached 11.82%. The surge in profitability was driven by a $1.95 million increase in net interest income, which resulted from growth in average earning assets and improved net interest margin. A key factor behind the asset and deposit growth was participation in the Ohio Homebuyer Plus program, which brought in $7.7 million in new accounts and $82 million in deposits from the Ohio Treasurer at subsidized rates. OVBC also announced a dividend increase to $0.23 per share. Ohio Valley Banc Corp. (NASDAQ:OVBC) stock is up 52.92% year-to-date. Overall OVBC ranks 10th on our list of the financial services stocks that are surging in 2025. While we acknowledge the potential of OVBC as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than OVBC but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
25-04-2025
- Business
- Yahoo
Ohio Valley Banc: Q1 Earnings Snapshot
GALLIPOLIS, Ohio (AP) — GALLIPOLIS, Ohio (AP) — Ohio Valley Banc Corp. (OVBC) on Friday reported net income of $4.4 million in its first quarter. The Gallipolis, Ohio-based bank said it had earnings of 94 cents per share. The bank holding company posted revenue of $23.4 million in the period. Its revenue net of interest expense was $16.8 million, which topped Street forecasts. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on OVBC at Sign in to access your portfolio
Yahoo
19-04-2025
- Business
- Yahoo
Ohio Valley Banc's (NASDAQ:OVBC) Shareholders Will Receive A Bigger Dividend Than Last Year
The board of Ohio Valley Banc Corp. (NASDAQ:OVBC) has announced that the dividend on 10th of May will be increased to $0.23, which will be 4.5% higher than last year's payment of $0.22 which covered the same period. Despite this raise, the dividend yield of 2.5% is only a modest boost to shareholder returns. While the dividend yield is important for income investors, it is also important to consider any large share price moves, as this will generally outweigh any gains from distributions. Investors will be pleased to see that Ohio Valley Banc's stock price has increased by 52% in the last 3 months, which is good for shareholders and can also explain a decrease in the dividend yield. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Even a low dividend yield can be attractive if it is sustained for years on end. Ohio Valley Banc has a long history of paying out dividends, with its current track record at a minimum of 10 years. Taking data from its last earnings report, calculating for the company's payout ratio shows 38%, which means that Ohio Valley Banc would be able to pay its last dividend without pressure on the balance sheet. Over the next year, EPS could expand by 2.4% if recent trends continue. Assuming the dividend continues along recent trends, we think the future payout ratio could be 38% by next year, which is in a pretty sustainable range. Check out our latest analysis for Ohio Valley Banc Even over a long history of paying dividends, the company's distributions have been remarkably stable. Since 2015, the annual payment back then was $0.84, compared to the most recent full-year payment of $0.88. Dividend payments have grown at less than 1% a year over this period. While the consistency in the dividend payments is impressive, we think the relatively slow rate of growth is less attractive. The company's investors will be pleased to have been receiving dividend income for some time. However, Ohio Valley Banc has only grown its earnings per share at 2.4% per annum over the past five years. While EPS growth is quite low, Ohio Valley Banc has the option to increase the payout ratio to return more cash to shareholders. Overall, we think this could be an attractive income stock, and it is only getting better by paying a higher dividend this year. Earnings are easily covering distributions, and the company is generating plenty of cash. All of these factors considered, we think this has solid potential as a dividend stock. It's important to note that companies having a consistent dividend policy will generate greater investor confidence than those having an erratic one. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. Now, if you want to look closer, it would be worth checking out our free research on Ohio Valley Banc management tenure, salary, and performance. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
