Stock analysts at StockNews.com initiated coverage on shares of Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) in a report issued on Friday. The firm set a "hold" rating on the bank's stock.
Ohio Valley Banc Price Performance
OVBC stock remained flat at $24.80 during midday trading on Friday. The company had a trading volume of 7,546 shares, compared to its average volume of 3,697. Ohio Valley Banc has a twelve month low of $19.35 and a twelve month high of $28.00. The firm has a 50 day moving average of $25.26 and a two-hundred day moving average of $23.74. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32. The company has a market cap of $116.83 million, a PE ratio of 10.04 and a beta of 0.06.
Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The bank reported $0.58 EPS for the quarter. Ohio Valley Banc had a return on equity of 7.97% and a net margin of 13.66%. The firm had revenue of $22.26 million for the quarter. During the same period in the previous year, the business posted $0.47 earnings per share.
Hedge Funds Weigh In On Ohio Valley Banc
An institutional investor recently bought a new position in Ohio Valley Banc stock. Fourthstone LLC bought a new position in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 16,987 shares of the bank's stock, valued at approximately $412,000. Fourthstone LLC owned 0.36% of Ohio Valley Banc at the end of the most recent quarter. 22.06% of the stock is currently owned by institutional investors and hedge funds.
Ohio Valley Banc Company Profile
(
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.
Recommended Stories
Before you consider Ohio Valley Banc, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ohio Valley Banc wasn't on the list.
While Ohio Valley Banc currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
