StockNews.com started coverage on shares of Ohio Valley Banc (NASDAQ:OVBC - Free Report) in a report released on Friday. The firm issued a hold rating on the bank's stock.
Ohio Valley Banc Trading Up 1.7 %
OVBC traded up $0.45 on Friday, reaching $26.45. 1,698 shares of the company traded hands, compared to its average volume of 7,391. Ohio Valley Banc has a one year low of $19.35 and a one year high of $28.00. The firm has a fifty day simple moving average of $24.32 and a two-hundred day simple moving average of $24.40. The company has a market cap of $124.56 million, a P/E ratio of 11.40 and a beta of 0.06. 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 (NASDAQ:OVBC - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $0.53 earnings per share 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 disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 24th were issued a dividend of $0.22 per share. The ex-dividend date was Friday, January 24th. This represents a $0.88 dividend on an annualized basis and a yield of 3.33%. Ohio Valley Banc's payout ratio is 37.93%.
Institutional Investors Weigh In On Ohio Valley Banc
Several large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its position in shares of Ohio Valley Banc by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank's stock worth $2,205,000 after purchasing an additional 1,099 shares during the period. Empowered Funds LLC purchased a new stake in shares of Ohio Valley Banc in the 3rd quarter worth approximately $204,000. Finally, Fourthstone LLC purchased a new stake in shares of Ohio Valley Banc in the 3rd quarter worth approximately $412,000. Institutional investors 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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