Equities research analysts at StockNews.com started coverage on shares of Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) in a note issued to investors on Tuesday. The brokerage set a "hold" rating on the bank's stock.
Ohio Valley Banc Stock Performance
NASDAQ:OVBC traded up $0.36 during trading hours on Tuesday, hitting $27.36. 694 shares of the company were exchanged, compared to its average volume of 3,445. The stock has a market capitalization of $128.87 million, a price-to-earnings ratio of 11.08 and a beta of 0.03. Ohio Valley Banc has a 52-week low of $19.35 and a 52-week high of $27.97. 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's 50 day moving average price is $24.44 and its 200-day moving average price is $23.40.
Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last released its earnings results on Monday, October 28th. The bank reported $0.58 earnings per share for the quarter. The company had revenue of $22.26 million for the quarter. Ohio Valley Banc had a net margin of 13.66% and a return on equity of 7.97%. During the same period in the prior year, the firm posted $0.47 EPS.
Hedge Funds Weigh In On Ohio Valley Banc
An institutional investor recently bought a new position in Ohio Valley Banc stock. Fourthstone LLC bought a new stake in Ohio Valley Banc Corp. (NASDAQ:OVBC - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 16,987 shares of the bank's stock, valued at approximately $412,000. Fourthstone LLC owned 0.36% of Ohio Valley Banc at the end of the most recent reporting period. Institutional investors 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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