Item 5. Market for Registrant’s Common Equity
ITEM 5 - MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Ohio Valley’s common shares are traded on The NASDAQ Stock Market under the symbol “OVBC,” and were held of record by approximately
2,179 shareholders as of February 28, 2022.
The payment of future cash dividends is at the discretion of our Board of Directors and subject to a number of factors, including
results of operations, general business conditions, growth, financial condition, regulatory limitation and other factors deemed relevant by the Board. Further, our ability to pay future cash dividends is subject to certain regulatory requirements and
restrictions discussed in the Regulation section in Item 1 above. For further information, see “Note P - Regulatory Matters” of the notes to the Company’s consolidated financial statements for the fiscal year ended December 31, 2021 located in Ohio
Valley’s 2021 Annual Report to Shareholders.
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ISSUER PURCHASES OF SECURITIES
Ohio Valley did not sell any unregistered equity securities during the three months ended December 31, 2021.
The following table provides information regarding Ohio Valley’s repurchases of its common shares during the three months ended December
31, 2021:
Period
Total number of common shares purchased
Average price paid per common share
Total number of shares purchased as part of publicly announced plans or
programs (1)
Maximum approximate dollar value of shares that may yet be purchased under publicly announced plans or programs (1)
October 1 - 31, 2021
6,000
$
27.85
6,000
$
4,375
November 1 - 30, 2021
5,000
$
28.41
5,000
$
4,232
December 1 - 31, 2021
6,625
$
28.20
6,625
$
4,046
TOTAL
17,625
$
28.14
17,625
$
4,046
(1)
In July 2021, Ohio Valley’s Board announced its approval of a plan to repurchase up to $5,000,000 of Ohio Valley’s common shares. The repurchase
program has an expiration date of August 31, 2022, unless it is sooner termined or amended by the Board.
ITEM 6 - [Reserved].
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.