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

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

Ohio Valley Banc Price Performance

Ohio Valley Banc stock opened at $23.50 on Wednesday. Ohio Valley Banc has a 1-year low of $21.67 and a 1-year high of $25.95. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $112.57 million, a PE ratio of 8.87 and a beta of 0.11. The stock’s fifty day moving average is $24.21 and its two-hundred day moving average is $23.81.

Ohio Valley Banc (NASDAQ:OVBC) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $0.68 earnings per share for the quarter. Ohio Valley Banc had a return on equity of 9.08% and a net margin of 16.96%. The company had revenue of $14.90 million for the quarter.

Ohio Valley Banc Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Thursday, April 25th. Ohio Valley Banc’s dividend payout ratio is presently 33.21%.

Institutional Trading of Ohio Valley Banc

A hedge fund recently raised its stake in Ohio Valley Banc stock. Abundance Wealth Counselors grew its position in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 94,909 shares of the bank’s stock after purchasing an additional 800 shares during the quarter. Ohio Valley Banc makes up about 0.6% of Abundance Wealth Counselors’ holdings, making the stock its 29th largest position. Abundance Wealth Counselors owned 1.99% of Ohio Valley Banc worth $2,183,000 at the end of the most recent reporting period. 22.06% of the stock is 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.