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

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

Ohio Valley Banc Price Performance

NASDAQ:OVBC opened at $30.70 on Tuesday. Ohio Valley Banc has a 52 week low of $19.35 and a 52 week high of $32.81. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $144.63 million, a P/E ratio of 13.23 and a beta of -0.09. The stock’s fifty day moving average is $26.22 and its two-hundred day moving average is $25.28.

Ohio Valley Banc (NASDAQ:OVBC) last posted its earnings results on Tuesday, January 28th. The bank reported $0.53 EPS for the quarter. Ohio Valley Banc had a return on equity of 7.44% and a net margin of 12.37%.

Ohio Valley Banc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 24th were paid a $0.22 dividend. The ex-dividend date was Friday, January 24th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.87%. Ohio Valley Banc’s payout ratio is presently 37.93%.

Institutional Investors Weigh In On Ohio Valley Banc

A number of institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in shares of Ohio Valley Banc by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank’s stock valued at $2,205,000 after buying an additional 1,099 shares in the last quarter. Fourthstone LLC grew its stake in shares of Ohio Valley Banc by 195.1% in the fourth quarter. Fourthstone LLC now owns 50,132 shares of the bank’s stock valued at $1,214,000 after buying an additional 33,145 shares in the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of Ohio Valley Banc in the third quarter valued at $204,000. 22.06% of the stock is owned by institutional investors and hedge funds.

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.