Independent Bank Group (NASDAQ:IBTX) vs. Ohio Valley Banc (NASDAQ:OVBC) Financial Analysis

Ohio Valley Bank (NASDAQ: OVBCGet a rating) and Independent Banking Group (NASDAQ:IBTXGet a rating) are both finance companies, but which is the better investment? We’ll compare the two companies based on valuation strength, dividends, institutional ownership, risk, profitability, analyst recommendations and earnings.

Valuation and benefits

This table compares the gross revenue, earnings per share (EPS), and valuation of Ohio Valley Banc and Independent Bank Group.

Gross revenue Price/sales ratio Net revenue Earnings per share Price/earnings ratio
Ohio Valley Bench $54.58 million 2.62 $11.73 million $2.40 12.50
Independent banking group $650.08 million 4.55 $224.75 million $4.90 2:65 p.m.

Independent Bank Group has higher revenues and profits than Ohio Valley Banc. Ohio Valley Banc trades at a lower price-to-earnings ratio than Independent Bank Group, indicating that it is currently the more affordable of the two stocks.

Insider and Institutional Ownership

13.6% of Ohio Valley Banc shares are held by institutional investors. In comparison, 73.9% of the shares of the Independent Bank Group are held by institutional investors. 3.6% of Ohio Valley Banc shares are held by insiders. In comparison, 3.3% of the shares of the Independent Bank Group are held by insiders. Strong institutional ownership indicates that hedge funds, endowments, and large fund managers believe a company will outperform the market over the long term.

Analyst Notes

This is a summary of recent ratings and price targets for Ohio Valley Banc and Independent Bank Group, as provided by

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
Ohio Valley Bench 0 0 0 0 N / A
Independent banking group 0 1 2 0 2.67

Independent Bank Group has a consensus price target of $78.67, suggesting a potential upside of 9.58%. Given Independent Bank Group’s possible higher upside, analysts clearly believe Independent Bank Group is more favorable than Ohio Valley Banc.


This table compares the net margins, return on equity and return on assets of Ohio Valley Banc and Independent Bank Group.

Net margins Return on equity return on assets
Ohio Valley Bench 20.98% 8.21% 0.92%
Independent banking group 32.74% 8.49% 1.16%

Risk and Volatility

Ohio Valley Banc has a beta of 0.21, which means its stock price is 79% less volatile than the S&P 500. In comparison, Independent Bank Group has a beta of 1.51, which means its stock price is 51% more volatile than the S&P 500.


Ohio Valley Banc pays an annual dividend of $0.84 per share and has a dividend yield of 2.8%. The Independent Bank Group pays an annual dividend of $1.52 per share and has a dividend yield of 2.1%. Ohio Valley Banc pays 35.0% of its earnings as a dividend. Independent Bank Group distributes 31.0% of its profits as a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings over the next few years. Independent Bank Group has increased its dividend for 5 consecutive years.


Independent Bank Group beat Ohio Valley Banc on 14 of 16 factors compared between the two stocks.

About Ohio Valley Bench

(Get a rating)

Ohio Valley Banc Corp. operates as a bank holding company for The Ohio Valley Bank Company which provides corporate and personal banking products and services. The Company operates in two segments, Banking and Consumer Finance. It accepts a variety of deposit products, including checking, savings, term, and money market accounts, as well as individual retirement accounts, demand deposits, NOW accounts, and certificates of deposit. The Company also offers various residential real estate loans, including residential mortgages for one to four families; commercial loans for securing equipment, inventory, inventory, commercial real estate and rental properties; and consumer loans secured by automobiles, mobile homes, recreational vehicles and other personal property, as well as personal loans, unsecured credit card receivables, floor plan and student loans and construction loans. In addition, it offers safe deposit boxes, electronic transfers, credit card services and internet banking; and online financial management services, such as cash management and updates related to repossession auctions, current rates and general banking news. In addition, the Company provides automated teller machine (ATM) services, consumer credit services, seasonal tax preparation services, commercial property and various liability insurance services, as well as direct-to-consumer mortgages and trusts online only. It operates sixteen offices in Ohio and West Virginia; and six consumer credit bureaus in Ohio. The company owns and operates thirty-six ATMs, twenty of which are off-site. Ohio Valley Banc Corp. was founded in 1872 and is headquartered in Gallipolis, Ohio.

About the Independent Bank Group

(Get a rating)

Independent Bank Group, Inc. operates as a bank holding company for Independent Bank which provides various commercial banking products and services to businesses, professionals and individuals in the United States. It accepts various deposit products, including checking and savings accounts, demand deposits, money market accounts, and certificates of deposit. The company also offers commercial real estate loans; loans for commercial construction, land and land development; residential real estate loans; single-family interim construction loans; commercial loans including SBA-guaranteed loans, commercial term loans, equipment lease financing, lines of credit and energy-related loans; agricultural loans for farmers and herders; consumer installment loans including loans to purchase cars, boats and other recreational vehicles; and residential mortgages, as well as mortgages for the purchase of warehouses. Additionally, it offers debit cards, online and mobile banking, e-statements, mail banking, and direct deposit services; and accounting and business management services, including business audit analysis, business savings and cash management services. As of December 31, 2021, the company operated 93 full-service branches. Independent Bank Group, Inc. was founded in 2002 and is headquartered in McKinney, Texas.

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