StockNews.com Begins Coverage on Ohio Valley Banc (NASDAQ:OVBC)

Equities research analysts at StockNews.com initiated coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the bank’s stock.

Ohio Valley Banc Stock Up 1.5 %

Ohio Valley Banc stock opened at $23.86 on Friday. Ohio Valley Banc has a 52-week low of $19.35 and a 52-week high of $28.00. The firm has a market cap of $112.40 million, a price-to-earnings ratio of 9.66 and a beta of 0.08. The firm has a 50 day moving average price of $25.50 and a two-hundred day moving average price of $23.94. 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 (NASDAQ:OVBC) last posted its earnings results on Monday, October 28th. The bank reported $0.58 EPS for the quarter. The firm had revenue of $22.26 million for the quarter. Ohio Valley Banc had a net margin of 13.66% and a return on equity of 7.97%. During the same period in the prior year, the business earned $0.47 EPS.

Hedge Funds Weigh In On Ohio Valley Banc

An institutional investor recently bought a new position in Ohio Valley Banc stock. Empowered Funds LLC purchased a new position in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 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. Hedge funds and other institutional investors own 22.06% of the company’s stock.

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.