Research analysts at StockNews.com started coverage on shares of Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) in a research report issued on Saturday. The firm set a "hold" rating on the bank's stock.
Ohio Valley Banc Trading Down 0.1 %
NASDAQ OVBC opened at $26.23 on Friday. The business has a 50 day simple moving average of $24.29 and a 200 day simple moving average of $24.46. Ohio Valley Banc has a one year low of $19.35 and a one year high of $28.00. The stock has a market capitalization of $123.54 million, a P/E ratio of 11.31 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.
Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last released its earnings results on Tuesday, January 28th. The bank reported $0.53 EPS for the quarter. Ohio Valley Banc had a return on equity of 7.44% and a net margin of 12.37%.
Institutional Investors Weigh In On Ohio Valley Banc
Hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new stake in Ohio Valley Banc in the third quarter valued at approximately $204,000. Dimensional Fund Advisors LP grew its stake in Ohio Valley Banc by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank's stock valued at $2,205,000 after acquiring an additional 1,099 shares during the period. Finally, Fourthstone LLC grew its stake in Ohio Valley Banc by 195.1% in the fourth 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. Institutional investors and hedge funds own 22.06% of the company's stock.
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.
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