StockNews.com started coverage on shares of Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) in a report issued on Sunday. The firm set a "hold" rating on the bank's stock.
Ohio Valley Banc Stock Performance
NASDAQ OVBC traded up $0.37 during trading hours on Friday, hitting $24.63. 3,260 shares of the stock were exchanged, compared to its average volume of 3,790. Ohio Valley Banc has a 12-month low of $19.35 and a 12-month high of $25.50. The stock has a 50-day moving average of $23.93 and a 200 day moving average of $23.15. The company has a market cap of $115.98 million, a price-to-earnings ratio of 9.97 and a beta of 0.03. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.35.
Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The bank reported $0.58 earnings per share for the quarter. Ohio Valley Banc had a return on equity of 8.06% and a net margin of 13.66%. The firm had revenue of $22.26 million for the quarter. During the same quarter last year, the firm earned $0.47 earnings per share.
Institutional Trading of Ohio Valley Banc
An institutional investor recently bought a new position in Ohio Valley Banc stock. Empowered Funds LLC acquired a new stake in Ohio Valley Banc Corp. (NASDAQ:OVBC - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,418 shares of the bank's stock, valued at approximately $204,000. Empowered Funds LLC owned about 0.18% of Ohio Valley Banc at the end of the most recent quarter. Institutional investors and hedge funds own 22.06% of the company's stock.
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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