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

StockNews.com began coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research note issued to investors on Saturday. The brokerage issued a hold rating on the bank’s stock.

Ohio Valley Banc Stock Performance

Shares of NASDAQ OVBC opened at $24.18 on Friday. The firm’s 50-day moving average price is $25.45 and its 200-day moving average price is $23.85. Ohio Valley Banc has a 52-week low of $19.35 and a 52-week high of $28.00. The company has a market cap of $113.91 million, a PE ratio of 9.79 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 (NASDAQ:OVBC) last issued its earnings results on Monday, October 28th. The bank reported $0.58 earnings per share (EPS) for the quarter. Ohio Valley Banc had a net margin of 13.66% and a return on equity of 7.97%. The company had revenue of $22.26 million for the quarter. During the same quarter in the prior year, the business posted $0.47 EPS.

Ohio Valley Banc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, November 10th. Investors of record on Friday, October 25th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date was Friday, October 25th. Ohio Valley Banc’s dividend payout ratio (DPR) is presently 35.63%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Fourthstone LLC acquired a new position in Ohio Valley Banc Corp. (NASDAQ:OVBC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,987 shares of the bank’s stock, valued at approximately $412,000. Fourthstone LLC owned 0.36% of Ohio Valley Banc as of its most recent SEC filing. Hedge funds and other institutional investors own 22.06% of the company’s stock.

Ohio Valley Banc Company Profile

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.