Shares of Ohio Valley Banc Corp. (NASDAQ:OVBC - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $25.47 and traded as high as $29.79. Ohio Valley Banc shares last traded at $28.16, with a volume of 5,912 shares traded.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on Ohio Valley Banc in a research report on Tuesday, March 18th. They issued a "hold" rating on the stock.
Get Our Latest Analysis on Ohio Valley Banc
Ohio Valley Banc Price Performance
The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32. The company's fifty day moving average is $27.15 and its 200 day moving average is $25.54. The firm has a market cap of $127.10 million, a price-to-earnings ratio of 11.63 and a beta of -0.09.
Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last posted its quarterly 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 Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 24th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date was Friday, January 24th. Ohio Valley Banc's dividend payout ratio (DPR) is presently 37.93%.
Institutional Trading of Ohio Valley Banc
An institutional investor recently raised its position in Ohio Valley Banc stock. Fourthstone LLC boosted its position in Ohio Valley Banc Corp. (NASDAQ:OVBC - Free Report) by 195.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,132 shares of the bank's stock after purchasing an additional 33,145 shares during the quarter. Fourthstone LLC owned about 1.06% of Ohio Valley Banc worth $1,214,000 at the end of the most recent reporting period. 22.06% of the stock is currently 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.
Further Reading
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