StockNews.com began coverage on shares of Ohio Valley Banc (NASDAQ:OVBC - Free Report) in a research report released on Tuesday. The brokerage issued a hold rating on the bank's stock.
Ohio Valley Banc Trading Up 0.4 %
Shares of Ohio Valley Banc stock opened at $23.40 on Tuesday. The company has a 50 day simple moving average of $25.36 and a two-hundred day simple moving average of $24.19. The firm has a market cap of $110.21 million, a PE ratio of 9.47 and a beta of 0.08. Ohio Valley Banc has a 1 year low of $19.35 and a 1 year high of $28.00. 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 announced its earnings results on Monday, October 28th. The bank reported $0.58 earnings per share (EPS) for the quarter. Ohio Valley Banc had a net margin of 13.66% and a return on equity of 7.97%. 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.
Ohio Valley Banc Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 24th will be given a $0.22 dividend. The ex-dividend date is Friday, January 24th. This represents a $0.88 dividend on an annualized basis and a yield of 3.76%. Ohio Valley Banc's payout ratio is 35.63%.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Ohio Valley Banc stock. Empowered Funds LLC bought a new stake in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,418 shares of the bank's stock, valued at approximately $204,000. Empowered Funds LLC owned about 0.18% of Ohio Valley Banc as of its most recent filing with the Securities and Exchange Commission. 22.06% of the stock is owned by hedge funds and other institutional investors.
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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