Ohio Valley Banc (NASDAQ:OVBC) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research report sent to investors on Wednesday. The firm issued a hold rating on the bank’s stock.

Ohio Valley Banc Price Performance

Shares of OVBC stock opened at $23.50 on Wednesday. Ohio Valley Banc has a 1-year low of $21.67 and a 1-year high of $25.95. The stock’s fifty day moving average price is $24.21 and its 200 day moving average price is $23.81. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $112.57 million, a price-to-earnings ratio of 8.87 and a beta of 0.11.

Ohio Valley Banc (NASDAQ:OVBC) last announced its earnings results on Thursday, January 25th. The bank reported $0.68 earnings per share for the quarter. Ohio Valley Banc had a return on equity of 9.08% and a net margin of 16.96%. The firm had revenue of $14.90 million for the quarter.

Ohio Valley Banc Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, April 25th. This represents a $0.88 annualized dividend and a yield of 3.74%. Ohio Valley Banc’s dividend payout ratio (DPR) is 33.21%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Abundance Wealth Counselors purchased a new stake in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 94,109 shares of the bank’s stock, valued at approximately $2,282,000. Ohio Valley Banc comprises 0.7% of Abundance Wealth Counselors’ investment portfolio, making the stock its 25th biggest holding. Abundance Wealth Counselors owned 1.97% of Ohio Valley Banc at the end of the most recent reporting period. Institutional investors own 22.06% of the company’s stock.

About Ohio Valley Banc

Ohio Valley Banc Corp. operates as the bank holding company for The Ohio Valley Bank Company that provides commercial and consumer banking products and services. The company operates in two segments, Banking and Consumer Finance. It accepts various deposit products, including checking, savings, time, and money market accounts, as well as individual retirement accounts, demand deposits, NOW accounts, and certificates of deposit.