StockNews.com started coverage on shares of Ohio Valley Banc (NASDAQ:OVBC - Free Report) in a research note issued to investors on Sunday morning. The brokerage issued a hold rating on the bank's stock.
Ohio Valley Banc Stock Down 2.2 %
Shares of NASDAQ OVBC traded down $0.53 during midday trading on Friday, reaching $23.50. 1,724 shares of the company's stock traded hands, compared to its average volume of 1,062. The company has a market cap of $110.71 million, a price-to-earnings ratio of 9.51 and a beta of 0.08. The stock's 50 day simple moving average is $25.50 and its 200-day simple moving average is $23.92. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32. Ohio Valley Banc has a one year low of $19.35 and a one year high of $28.00.
Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last posted its 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 7.97% and a net margin of 13.66%. The company had revenue of $22.26 million during the quarter. During the same quarter in the prior year, the company earned $0.47 EPS.
Ohio Valley Banc Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Sunday, November 10th. Shareholders of record on Friday, October 25th were issued a $0.22 dividend. The ex-dividend date was Friday, October 25th. This represents a $0.88 dividend on an annualized basis and a yield of 3.74%. Ohio Valley Banc's dividend payout ratio is presently 35.63%.
Institutional Trading of Ohio Valley Banc
An institutional investor recently bought a new position in Ohio Valley Banc stock. Empowered Funds LLC bought a new stake in Ohio Valley Banc Corp. (NASDAQ:OVBC - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,418 shares of the bank's stock, valued at approximately $204,000. Empowered Funds LLC owned approximately 0.18% of Ohio Valley Banc as of its most recent SEC filing. 22.06% of the stock is currently owned by institutional investors and hedge funds.
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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