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Edward Bryant Roberts, a director at Ohio Valley Banc Corp (NASDAQ:OVBC), recently increased his stake in the company by purchasing a significant amount of common shares. According to a recent SEC filing, Roberts acquired shares totaling $78,907. The purchases were made on June 5, 2025, at prices ranging from $31.3288 to $31.6596 per share. This move reflects Roberts’ continued investment in the $152.12M market cap company, which has maintained dividend payments for 32 consecutive years and currently offers a 2.96% yield. According to InvestingPro analysis, the stock is currently trading slightly above its Fair Value, with an RSI indicating oversold conditions.
Additionally, Roberts acquired 158.354 shares through a dividend reinvestment plan on June 9, 2025, at a price of $31.11 per share, amounting to a total value of $4,926. These transactions were conducted directly, as noted in the filing. The stock has shown strong momentum with a 30.52% YTD return and trades at a P/E ratio of 12.18. InvestingPro subscribers can access 4 additional key insights about OVBC’s financial health and growth prospects.
In other recent news, Ohio Valley Banc Corp. reported a significant surge in its consolidated net income for the first quarter ending March 31, 2025. The company announced a 57.8% increase in net income, reaching $4.4 million, with earnings per share rising to $0.94 from $0.58 in the same period last year. This growth was attributed to strategic decisions that enhanced earning assets and net interest margins while controlling overhead expenses. Additionally, Ohio Valley Banc Corp. declared a quarterly cash dividend of $0.23 per share, marking a 4.55% increase from the previous quarter. The dividend is scheduled for payment on May 10, 2025, to shareholders of record as of April 25, 2025.
The company also held its annual shareholder meeting, where directors were elected, and Plante & Moran PLLC was ratified as the independent accounting firm. Shareholders approved the compensation of named executive officers in a non-binding advisory vote. Ohio Valley Banc Corp.’s Board of Directors expressed confidence in the company’s financial stability despite current economic challenges. These developments underscore the company’s commitment to providing value to its shareholders and its positive financial outlook.
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