Ohio Valley Banc (NASDAQ:OVBC) Now Covered by StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research note issued on Tuesday. The firm set a “hold” rating on the bank’s stock.

Ohio Valley Banc Stock Performance

Shares of OVBC stock opened at $22.45 on Tuesday. The business has a fifty day moving average of $23.46 and a 200 day moving average of $23.69. Ohio Valley Banc has a 1 year low of $21.67 and a 1 year high of $25.95. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $107.54 million, a price-to-earnings ratio of 9.32 and a beta of 0.09.

Ohio Valley Banc (NASDAQ:OVBC) last released its earnings results on Thursday, April 25th. The bank reported $0.58 EPS for the quarter. The firm had revenue of $14.89 million during the quarter. Ohio Valley Banc had a return on equity of 8.16% and a net margin of 14.70%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Ohio Valley Banc stock. Abundance Wealth Counselors grew its stake in Ohio Valley Banc Corp. (NASDAQ:OVBC) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 94,909 shares of the bank’s stock after buying an additional 800 shares during the quarter. Ohio Valley Banc accounts for about 0.6% of Abundance Wealth Counselors’ portfolio, making the stock its 29th largest holding. Abundance Wealth Counselors owned about 1.99% of Ohio Valley Banc worth $2,183,000 as of its most recent filing with the Securities & Exchange Commission. 22.06% of the stock is owned by hedge funds and other institutional investors.

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.