Ohio Valley Banc (NASDAQ:OVBC) Research Coverage Started at StockNews.com

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

Ohio Valley Banc Stock Up 10.4 %

Ohio Valley Banc stock opened at $27.61 on Monday. Ohio Valley Banc has a fifty-two week low of $19.35 and a fifty-two week high of $27.63. The company has a market cap of $130.04 million, a PE ratio of 10.13 and a beta of 0.03. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.95 and a current ratio of 0.95. The business’s 50-day simple moving average is $24.04 and its two-hundred day simple moving average is $23.24.

Ohio Valley Banc (NASDAQ:OVBC) last posted its quarterly 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 8.06%. The company had revenue of $22.26 million during the quarter. During the same period in the prior year, the business posted $0.47 earnings per share.

Ohio Valley Banc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, November 10th. Stockholders of record on Friday, October 25th were paid a dividend of $0.22 per share. The ex-dividend date was Friday, October 25th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.19%. Ohio Valley Banc’s payout ratio is 35.63%.

Institutional Trading of Ohio Valley Banc

An institutional investor recently bought a new position in Ohio Valley Banc stock. Empowered Funds LLC bought a new stake in Ohio Valley Banc Corp. (NASDAQ:OVBC) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned about 0.18% of Ohio Valley Banc as of its most recent SEC filing. 22.06% of the stock is owned by institutional investors and hedge funds.

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.