StockNews.com initiated coverage on shares of Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) in a report issued on Wednesday. The brokerage set a "hold" rating on the bank's stock.
Ohio Valley Banc Stock Performance
Shares of OVBC stock traded up $0.15 on Wednesday, reaching $23.85. The stock had a trading volume of 8,518 shares, compared to its average volume of 6,804. Ohio Valley Banc has a 12 month low of $19.35 and a 12 month high of $28.00. The firm has a market capitalization of $112.33 million, a price-to-earnings ratio of 10.28 and a beta of 0.08. The firm's 50-day moving average is $24.85 and its two-hundred day moving average is $24.31. 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 released its quarterly earnings data on Tuesday, January 28th. The bank reported $0.53 earnings per share (EPS) for the quarter. Ohio Valley Banc had a return on equity of 7.44% and a net margin of 12.37%.
Institutional Trading of Ohio Valley Banc
An institutional investor recently bought a new position in Ohio Valley Banc stock. Empowered Funds LLC purchased a new stake in Ohio Valley Banc Corp. (NASDAQ:OVBC - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 8,418 shares of the bank's stock, valued at approximately $204,000. Empowered Funds LLC owned 0.18% of Ohio Valley Banc as of its most recent SEC filing. 22.06% of the stock is currently owned by 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.
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