Ohio Valley Banc (NASDAQ:OVBC) Earns Hold Rating from Analysts at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research note issued on Saturday. The brokerage set a “hold” rating on the bank’s stock.

Ohio Valley Banc Stock Down 0.1 %

Shares of NASDAQ:OVBC opened at $26.23 on Friday. The stock has a market cap of $123.54 million, a price-to-earnings ratio of 11.31 and a beta of 0.06. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32. Ohio Valley Banc has a 12-month low of $19.35 and a 12-month high of $28.00. The business’s 50 day moving average is $24.29 and its 200 day moving average is $24.46.

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

Institutional Trading of Ohio Valley Banc

Several hedge funds have recently made changes to their positions in OVBC. Dimensional Fund Advisors LP raised its stake in shares of Ohio Valley Banc by 1.2% during the 4th 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 period. Fourthstone LLC raised its stake in shares of Ohio Valley Banc by 195.1% during the 4th quarter. Fourthstone LLC now owns 50,132 shares of the bank’s stock valued at $1,214,000 after purchasing an additional 33,145 shares during the period. Finally, Empowered Funds LLC bought a new stake in shares of Ohio Valley Banc during the 3rd quarter valued at $204,000. 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.