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

StockNews.com initiated coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research report report published on Friday. The firm issued a hold rating on the bank’s stock.

Ohio Valley Banc Price Performance

Ohio Valley Banc stock opened at $24.80 on Friday. Ohio Valley Banc has a fifty-two week low of $19.35 and a fifty-two week high of $28.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.89. The firm’s 50-day simple moving average is $25.28 and its 200 day simple moving average is $23.76. The stock has a market cap of $116.83 million, a PE ratio of 10.04 and a beta of 0.06.

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

Ohio Valley Banc Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, November 10th. Shareholders of record on Friday, October 25th were paid a $0.22 dividend. The ex-dividend date was Friday, October 25th. This represents a $0.88 dividend on an annualized basis and a yield of 3.55%. Ohio Valley Banc’s dividend payout ratio (DPR) is presently 35.63%.

Institutional Investors Weigh In On Ohio Valley Banc

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Empowered Funds LLC acquired a new position in Ohio Valley Banc Corp. (NASDAQ:OVBC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned 0.18% of Ohio Valley Banc as of its most recent filing with the Securities & Exchange Commission. 22.06% of the stock is currently owned by 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.