Fourthstone LLC grew its position in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC - Free Report) by 195.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,132 shares of the bank's stock after buying an additional 33,145 shares during the quarter. Fourthstone LLC owned 1.06% of Ohio Valley Banc worth $1,214,000 as of its most recent filing with the Securities & Exchange Commission.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on shares of Ohio Valley Banc in a research report on Tuesday, March 18th. They set a "hold" rating for the company.
Check Out Our Latest Analysis on OVBC
Ohio Valley Banc Stock Performance
Shares of Ohio Valley Banc stock traded up $3.00 during trading hours on Monday, reaching $38.50. The company had a trading volume of 30,188 shares, compared to its average volume of 11,535. The business has a fifty day simple moving average of $29.24 and a 200 day simple moving average of $26.18. 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 Corp. has a one year low of $19.35 and a one year high of $40.99. The firm has a market cap of $181.37 million, a PE ratio of 16.59 and a beta of 0.06.
Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) 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 return on equity of 7.44% and a net margin of 12.37%.
Ohio Valley Banc Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, May 10th. Stockholders of record on Friday, April 25th will be issued a $0.23 dividend. This is a boost from Ohio Valley Banc's previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Friday, April 25th. Ohio Valley Banc's dividend payout ratio is presently 39.66%.
About Ohio Valley Banc
(
Free Report)
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.
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