Ohio Valley Banc Corp. (NASDAQ:OVBC - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 12,200 shares, a growth of 25.8% from the February 28th total of 9,700 shares. Currently, 0.3% of the company's stock are sold short. Based on an average trading volume of 10,700 shares, the days-to-cover ratio is presently 1.1 days.
Ohio Valley Banc Stock Performance
Shares of NASDAQ OVBC traded down $1.54 during midday trading on Friday, reaching $27.56. The company's stock had a trading volume of 7,546 shares, compared to its average volume of 5,996. The stock has a market capitalization of $129.84 million, a P/E ratio of 11.88 and a beta of 0.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a 50 day moving average price of $27.62 and a 200-day moving average price of $25.69. Ohio Valley Banc has a 12-month low of $19.35 and a 12-month high of $32.81.
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 for the quarter. Ohio Valley Banc had a return on equity of 7.44% and a net margin of 12.37%.
Ohio Valley Banc Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 24th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.88 annualized dividend and a yield of 3.19%. Ohio Valley Banc's payout ratio is currently 37.93%.
Institutional Trading of Ohio Valley Banc
A hedge fund recently raised its stake in Ohio Valley Banc stock. Fourthstone LLC lifted its stake in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC - Free Report) by 195.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,132 shares of the bank's stock after purchasing an additional 33,145 shares during the period. Fourthstone LLC owned 1.06% of Ohio Valley Banc worth $1,214,000 at the end of the most recent quarter. 22.06% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, StockNews.com assumed coverage on shares of Ohio Valley Banc in a report on Tuesday, March 18th. They issued a "hold" rating for the company.
Check Out Our Latest Research Report on OVBC
About Ohio Valley Banc
(
Get 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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