Ohio Valley Banc Corp. (NASDAQ:OVBC - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $24.38 and traded as high as $26.34. Ohio Valley Banc shares last traded at $26.00, with a volume of 10,174 shares changing hands.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on Ohio Valley Banc in a research note on Friday. They issued a "hold" rating for the company.
View Our Latest Report on Ohio Valley Banc
Ohio Valley Banc Trading Up 1.7 %
The company has a fifty day moving average of $24.32 and a two-hundred day moving average of $24.40. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $124.56 million, a price-to-earnings ratio of 11.40 and a beta of 0.06.
Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last posted its earnings results on Tuesday, January 28th. The bank reported $0.53 earnings per share for the quarter. Ohio Valley Banc had a return on equity of 7.44% and a net margin of 12.37%.
Ohio Valley Banc Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 24th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.88 annualized dividend and a yield of 3.33%. Ohio Valley Banc's dividend payout ratio (DPR) is currently 37.93%.
Institutional Investors Weigh In On Ohio Valley Banc
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Ohio Valley Banc by 1.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank's stock worth $2,205,000 after buying an additional 1,099 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Ohio Valley Banc during the third quarter worth approximately $204,000. Finally, Fourthstone LLC acquired a new position in shares of Ohio Valley Banc during the third quarter worth approximately $412,000. 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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