Ohio Valley Banc (NASDAQ:OVBC) Coverage Initiated by Analysts at StockNews.com

Posted by Editorial Team on May 6th, 2024

StockNews.com began coverage on shares of Ohio Valley Banc (NASDAQ:OVBC – Free Report) in a research report released on Thursday morning. The brokerage issued a hold rating on the bank’s stock.

Ohio Valley Banc Trading Up 0.9 %

Ohio Valley Banc stock opened at $22.80 on Thursday. Ohio Valley Banc has a one year low of $21.67 and a one year high of $25.95. The stock has a market cap of $109.21 million, a PE ratio of 9.46 and a beta of 0.11. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a 50-day moving average of $23.92 and a two-hundred day moving average of $23.75.

Ohio Valley Banc Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be issued a $0.22 dividend. The ex-dividend date is Thursday, April 25th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.86%. Ohio Valley Banc’s dividend payout ratio is currently 36.51%.

Institutional Investors Weigh In On Ohio Valley Banc

An institutional investor recently raised its position in Ohio Valley Banc stock. Abundance Wealth Counselors grew its holdings in Ohio Valley Banc Corp. (NASDAQ:OVBC – Free Report) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,909 shares of the bank’s stock after acquiring an additional 800 shares during the period. Ohio Valley Banc comprises 0.6% of Abundance Wealth Counselors’ holdings, making the stock its 29th biggest position. Abundance Wealth Counselors owned about 1.99% of Ohio Valley Banc worth $2,183,000 as of its most recent SEC filing. 22.06% of the stock is currently owned by institutional investors and hedge funds.

About Ohio Valley Banc

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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.