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Anna Barnitz, a director at Ohio Valley Banc Corp (NASDAQ:OVBC), recently acquired common shares valued at approximately $1,499. The purchase took place on May 19, 2025, at a price of $38.1674 per share. This transaction is part of Barnitz’s ongoing investment in the company, as indicated by the latest SEC filing. The $170 million market cap bank has shown impressive performance, with a 49.6% year-to-date return. According to InvestingPro analysis, the stock is currently trading slightly above its Fair Value.
In addition to this acquisition, Barnitz was involved in several other transactions on the same day, which were related to shares acquired under a dividend reinvestment plan. These transactions amounted to a total value of $1,990, with shares priced at $38.1674 each. The transactions reflect Barnitz’s continued engagement and investment in Ohio Valley Banc Corp, further solidifying her position in the company. Notably, InvestingPro data shows the company has maintained dividend payments for 32 consecutive years, with a current yield of 2.58%. The stock trades at a P/E ratio of 14, and InvestingPro subscribers have access to 7 additional key insights about OVBC’s financial health and growth prospects.
In other recent news, Ohio Valley Banc Corp. reported a significant 57.8% increase in its consolidated net income for the first quarter ending March 31, 2025. The company achieved a net income of $4.4 million, with earnings per share rising to $0.94 from $0.58 in the previous year. Ohio Valley Banc Corp. also declared a quarterly cash dividend increase to $0.23 per share, up 4.55% from the previous quarter’s dividend of $0.22. This dividend is payable on May 10, 2025, to shareholders of record as of April 25, 2025. The company’s Board of Directors ratified the selection of Plante & Moran PLLC as its independent registered public accounting firm for the fiscal year ending December 31, 2025. Shareholders elected three directors for terms expiring in 2028 during the annual meeting. Additionally, the company’s noninterest income saw a nominal decrease, while noninterest expenses slightly increased, reflecting strategic financial management. Ohio Valley Banc Corp. continues to show confidence in its financial stability and commitment to shareholder value amid economic challenges.
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