Ohio Valley Banc Corp. (NASDAQ:OVBC - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.24 and traded as high as $31.00. Ohio Valley Banc shares last traded at $30.64, with a volume of 12,247 shares changing hands.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on Ohio Valley Banc in a research note on Tuesday. They issued a "hold" rating for the company.
Check Out Our Latest Report on OVBC
Ohio Valley Banc Stock Performance
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 company has a market cap of $140.17 million, a P/E ratio of 12.82 and a beta of -0.09. The company's fifty day moving average is $26.52 and its 200 day moving average is $25.37.
Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $0.53 EPS 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 business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 24th were given 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 2.96%. Ohio Valley Banc's payout ratio is currently 37.93%.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. Fourthstone LLC raised its stake in shares of Ohio Valley Banc by 195.1% during the fourth quarter. Fourthstone LLC now owns 50,132 shares of the bank's stock valued at $1,214,000 after acquiring an additional 33,145 shares during the last quarter. Empowered Funds LLC purchased a new stake in Ohio Valley Banc in the third quarter worth $204,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Ohio Valley Banc by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank's stock valued at $2,205,000 after acquiring an additional 1,099 shares in the last quarter. 22.06% of the stock is owned by hedge funds and other 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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