Ohio Valley Banc (NASDAQ:OVBC) Shares Cross Above 200 Day Moving Average – What’s Next?

Ohio Valley Banc Corp. (NASDAQ:OVBC) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $25.47 and traded as high as $29.79. Ohio Valley Banc shares last traded at $28.16, with a volume of 5,912 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Ohio Valley Banc in a research note on Tuesday, March 18th. They set a “hold” rating for the company.

Ohio Valley Banc Price Performance

The firm has a market cap of $132.66 million, a P/E ratio of 12.14 and a beta of -0.09. The company has a fifty day moving average of $26.88 and a 200-day moving average of $25.47. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89.

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

Ohio Valley Banc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 24th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend was Friday, January 24th. Ohio Valley Banc’s payout ratio is 37.93%.

Institutional Trading of Ohio Valley Banc

Hedge funds have recently bought and sold shares of the business. Empowered Funds LLC purchased a new position in Ohio Valley Banc in the third quarter valued at about $204,000. Fourthstone LLC bought a new stake in shares of Ohio Valley Banc in the 3rd quarter worth approximately $412,000. Finally, Dimensional Fund Advisors LP lifted its stake in 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 purchasing an additional 1,099 shares during the last quarter. 22.06% of the stock is currently owned by institutional investors.

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.