Ohio Valley Banc (NASDAQ:OVBC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a report released on Saturday morning. The firm issued a hold rating on the bank’s stock.

Ohio Valley Banc Stock Performance

Shares of OVBC stock opened at $24.23 on Friday. The firm has a 50 day moving average of $25.46 and a two-hundred day moving average of $23.87. The stock has a market capitalization of $114.15 million, a PE ratio of 9.81 and a beta of 0.06. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32. Ohio Valley Banc has a 52 week low of $19.35 and a 52 week high of $28.00.

Ohio Valley Banc (NASDAQ:OVBC) last released its earnings results on Monday, October 28th. The bank reported $0.58 earnings per share (EPS) for the quarter. The firm had revenue of $22.26 million during the quarter. Ohio Valley Banc had a return on equity of 7.97% and a net margin of 13.66%. During the same quarter last year, the business posted $0.47 earnings per share.

Ohio Valley Banc Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, November 10th. Shareholders of record on Friday, October 25th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend was Friday, October 25th. Ohio Valley Banc’s dividend payout ratio (DPR) is presently 35.63%.

Institutional Investors Weigh In On Ohio Valley Banc

An institutional investor recently bought a new position in Ohio Valley Banc stock. Empowered Funds LLC acquired a new position in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned approximately 0.18% of Ohio Valley Banc as of its most recent filing with the SEC. Hedge funds and other 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.