StockNews.com Begins Coverage on Ohio Valley Banc (NASDAQ:OVBC)

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

Ohio Valley Banc Stock Performance

NASDAQ OVBC opened at $23.56 on Friday. Ohio Valley Banc has a fifty-two week low of $19.35 and a fifty-two week high of $25.50. The stock has a market cap of $110.97 million, a price-to-earnings ratio of 9.54 and a beta of 0.03. The business has a fifty day moving average of $23.95 and a 200-day moving average of $23.13. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.35.

Ohio Valley Banc (NASDAQ:OVBC) last released its quarterly earnings results on Monday, October 28th. The bank reported $0.58 earnings per share for the quarter. Ohio Valley Banc had a return on equity of 8.06% and a net margin of 13.66%. The company had revenue of $22.26 million during the quarter. During the same period last year, the firm earned $0.47 earnings per share.

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.