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

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

Ohio Valley Banc Price Performance

Shares of OVBC opened at $30.12 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average is $25.57 and its two-hundred day moving average is $25.07. Ohio Valley Banc has a twelve month low of $19.35 and a twelve month high of $32.81. The firm has a market capitalization of $141.90 million, a PE ratio of 12.98 and a beta of -0.09.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in OVBC. Dimensional Fund Advisors LP grew its holdings in shares of Ohio Valley Banc by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank’s stock worth $2,205,000 after acquiring an additional 1,099 shares during the period. Fourthstone LLC grew its holdings in 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 purchasing an additional 33,145 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of Ohio Valley Banc in the third quarter valued at $204,000. 22.06% of the stock is currently owned by institutional investors and hedge funds.

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.