StockNews.com started coverage on shares of Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) in a report issued on Thursday. The firm set a "hold" rating on the bank's stock.
Ohio Valley Banc Stock Performance
Shares of Ohio Valley Banc stock traded up $0.65 on Thursday, hitting $27.05. 28,288 shares of the company's stock were exchanged, compared to its average volume of 3,598. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $127.41 million, a PE ratio of 10.95 and a beta of 0.06. Ohio Valley Banc has a 1 year low of $19.35 and a 1 year high of $28.00. The company has a 50-day simple moving average of $25.02 and a 200-day simple moving average of $23.67.
Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The bank reported $0.58 earnings per share (EPS) for the quarter. Ohio Valley Banc had a return on equity of 7.97% and a net margin of 13.66%. The company had revenue of $22.26 million during the quarter. During the same quarter last year, the firm posted $0.47 earnings per share.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Ohio Valley Banc stock. Empowered Funds LLC purchased a new stake in Ohio Valley Banc Corp. (NASDAQ:OVBC - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,418 shares of the bank's stock, valued at approximately $204,000. Empowered Funds LLC owned 0.18% of Ohio Valley Banc as of its most recent filing with the Securities and Exchange Commission (SEC). 22.06% of the stock is currently owned by hedge funds and other institutional investors.
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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