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

Investment analysts at StockNews.com began coverage on shares of Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) in a report released on Monday. The brokerage set a "hold" rating on the bank's stock.

Ohio Valley Banc Price Performance

Ohio Valley Banc stock traded down $0.12 during mid-day trading on Monday, reaching $30.08. 5,791 shares of the company were exchanged, compared to its average volume of 10,281. The firm has a market cap of $141.71 million, a PE ratio of 13.00 and a beta of -0.09. 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 company has a fifty day simple moving average of $25.69 and a 200-day simple moving average of $25.10. 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 results on Tuesday, January 28th. The bank reported $0.53 earnings per share for the quarter. Ohio Valley Banc had a net margin of 12.37% and a return on equity of 7.44%.

Institutional Investors Weigh In On Ohio Valley Banc

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in Ohio Valley Banc by 1.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank's stock valued at $2,205,000 after buying an additional 1,099 shares during the period. Fourthstone LLC grew its position in shares of Ohio Valley Banc by 195.1% during the 4th quarter. Fourthstone LLC now owns 50,132 shares of the bank's stock valued at $1,214,000 after acquiring an additional 33,145 shares during the period. Finally, Empowered Funds LLC purchased a new stake in shares of Ohio Valley Banc during the 3rd quarter worth approximately $204,000. Institutional investors and hedge funds own 22.06% of the company's stock.

Remove Ads

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.