StockNews.com initiated coverage on shares of Ohio Valley Banc (NASDAQ:OVBC - Free Report) in a research note issued to investors on Thursday morning. The firm issued a hold rating on the bank's stock.
Ohio Valley Banc Trading Up 0.6 %
Shares of Ohio Valley Banc stock traded up $0.15 on Thursday, hitting $23.40. 2,709 shares of the company's stock traded hands, compared to its average volume of 6,663. The firm's 50-day moving average price is $24.61 and its two-hundred day moving average price is $24.34. The stock has a market capitalization of $110.21 million, a PE ratio of 10.09 and a beta of 0.06. Ohio Valley Banc has a one year low of $19.35 and a one 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 quarterly 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 business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 24th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Friday, January 24th. Ohio Valley Banc's payout ratio is presently 37.93%.
Hedge Funds Weigh In On Ohio Valley Banc
A hedge fund recently bought a new stake in Ohio Valley Banc stock. Empowered Funds LLC bought a new position in Ohio Valley Banc Corp. (NASDAQ:OVBC - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,418 shares of the bank's stock, valued at approximately $204,000. Empowered Funds LLC owned 0.18% of Ohio Valley Banc at the end of the most recent 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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