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Stock impact report

Ohio Valley Banc Corp.: Strong Despite Non-Recurring Items [Seeking Alpha]

Ohio Valley Banc Corp. (OVBC) 
US:NASDAQ Investor Relations: ovbc.com/about/annual-reports--documents
Company Research Source: Seeking Alpha
OVBC's loan book quality warrants monitoring as past due loans rose, mainly in construction, but most are backed by real estate collateral. The dividend remains well covered, with a payout ratio just over 40%, and profitability should improve as non-recurring losses subside. With tangible book value over $33/share and a high single-digit earnings multiple, OVBC offers value, especially if net interest margins recover. lantapix/iStock via Getty Images Introduction Ohio Valley Banc Corp. OVBC ) is the holding company for the Ohio Valley Bank, with about two dozen offices focusing on the southeastern part of Ohio as well as western West Virginia. It's a More on my IG service Consider joining European Small-Cap Ideas to gain exclusive access to actionable research on appealing Europe-focused investment opportunities and to the real-time chat function to discuss ideas with similar-minded investors! This article was written by Analyst's Disclosure: I/we have no stock, opt Show less Read more
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