StockNews.com initiated coverage on shares of Ohio Valley Banc (NASDAQ:OVBC - Free Report) in a research report report published on Tuesday. The brokerage issued a hold rating on the bank's stock.
Ohio Valley Banc Stock Performance
OVBC stock traded down $2.05 during trading hours on Tuesday, reaching $29.75. The stock had a trading volume of 6,284 shares, compared to its average volume of 5,602. The stock has a 50-day simple moving average of $26.52 and a 200 day simple moving average of $25.37. Ohio Valley Banc has a fifty-two week low of $19.35 and a fifty-two week high of $32.81. The stock has a market capitalization of $140.17 million, a PE ratio of 13.42 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.
Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last issued its earnings results on Tuesday, January 28th. The bank reported $0.53 earnings per share (EPS) for the quarter. Ohio Valley Banc had a net margin of 12.37% and a return on equity of 7.44%.
Ohio Valley Banc Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 24th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend was Friday, January 24th. Ohio Valley Banc's dividend payout ratio (DPR) is presently 37.93%.
Hedge Funds Weigh In On Ohio Valley Banc
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fourthstone LLC boosted its holdings 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 worth $1,214,000 after buying an additional 33,145 shares during the period. Empowered Funds LLC acquired a new stake in Ohio Valley Banc during the 3rd quarter worth approximately $204,000. Finally, Dimensional Fund Advisors LP grew its holdings in Ohio Valley Banc by 1.2% in the 4th 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 in the last quarter. 22.06% of the stock is owned by 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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