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

StockNews.com started coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a report issued on Sunday. The brokerage issued a hold rating on the bank’s stock.

Ohio Valley Banc Stock Performance

OVBC opened at $23.73 on Friday. The firm’s fifty day simple moving average is $25.50 and its two-hundred day simple moving average is $23.96. Ohio Valley Banc has a 52-week low of $19.35 and a 52-week high of $28.00. The company has a market cap of $111.79 million, a price-to-earnings ratio of 9.61 and a beta of 0.08. 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 (NASDAQ:OVBC) last issued its quarterly earnings results on Monday, October 28th. The bank reported $0.58 earnings per share for the quarter. Ohio Valley Banc had a net margin of 13.66% and a return on equity of 7.97%. The firm had revenue of $22.26 million for the quarter. During the same period in the prior year, the business posted $0.47 earnings per share.

Ohio Valley Banc Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, November 10th. Investors of record on Friday, October 25th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.71%. The ex-dividend date was Friday, October 25th. Ohio Valley Banc’s dividend payout ratio is currently 35.63%.

Institutional Investors Weigh In On Ohio Valley Banc

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Empowered Funds LLC purchased a new position in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period. 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.