NasdaqGM:OVBCBanks
Ohio Valley Banc (OVBC) Profit Margins Improve, Reinforcing Value Narrative for Investors
Ohio Valley Banc (OVBC) reported net profit margins of 22.1%, an improvement over last year’s 20.4%, and earnings jumped 21% year-over-year, far outpacing its five-year average growth rate of just 2.1%. With shares trading at $35.50 and a price-to-earnings ratio of 11.8x, the stock sits below the peer group’s average. It is also trading at a discount to an internal fair value estimate of $45.96. These results, paired with steady profit increases and an attractive combination of value and...