StockNews.com assumed coverage on shares of Ohio Valley Banc (NASDAQ:OVBC - Free Report) in a report published on Monday. The firm issued a hold rating on the bank's stock.
Ohio Valley Banc Stock Down 0.0 %
Ohio Valley Banc stock traded down $0.01 during mid-day trading on Monday, hitting $23.29. The company had a trading volume of 1,270 shares, compared to its average volume of 4,124. Ohio Valley Banc has a 12 month low of $19.35 and a 12 month high of $28.00. 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's 50 day moving average price is $25.47 and its two-hundred day moving average price is $24.07. The company has a market capitalization of $109.72 million, a PE ratio of 9.43 and a beta of 0.08.
Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last issued its earnings results on Monday, October 28th. The bank reported $0.58 earnings per share (EPS) for the quarter. Ohio Valley Banc had a net margin of 13.66% and a return on equity of 7.97%. The business had revenue of $22.26 million during the quarter. During the same period last year, the firm posted $0.47 earnings per share.
Ohio Valley Banc Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Sunday, November 10th. Stockholders of record on Friday, October 25th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend was Friday, October 25th. Ohio Valley Banc's payout ratio is currently 35.63%.
Institutional Trading of Ohio Valley Banc
A hedge fund recently bought a new stake in Ohio Valley Banc stock. Empowered Funds LLC bought a new position in Ohio Valley Banc Corp. (NASDAQ:OVBC - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 8,418 shares of the bank's stock, valued at approximately $204,000. Empowered Funds LLC owned 0.18% of Ohio Valley Banc at the end of the most recent quarter. 22.06% of the stock is currently owned by 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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