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

StockNews.com started coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research report sent to investors on Sunday morning. The brokerage issued a hold rating on the bank’s stock.

Ohio Valley Banc Price Performance

OVBC stock opened at $23.50 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.89. Ohio Valley Banc has a 52-week low of $19.35 and a 52-week high of $28.00. The company has a market capitalization of $110.71 million, a P/E ratio of 9.51 and a beta of 0.08. The company has a fifty day moving average price of $25.50 and a 200-day moving average price of $23.92.

Ohio Valley Banc (NASDAQ:OVBC) last announced its earnings results on Monday, October 28th. The bank reported $0.58 earnings per share (EPS) for the quarter. The business 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 period in the prior year, the business earned $0.47 earnings per share.

Ohio Valley Banc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, November 10th. Investors of record on Friday, October 25th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date was Friday, October 25th. Ohio Valley Banc’s dividend payout ratio is presently 35.63%.

Hedge Funds Weigh In On Ohio Valley Banc

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Fourthstone LLC acquired a new stake in Ohio Valley Banc Corp. (NASDAQ:OVBC) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 16,987 shares of the bank’s stock, valued at approximately $412,000. Fourthstone LLC owned 0.36% of Ohio Valley Banc at the end of the most recent reporting period. Institutional investors and hedge funds 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.