Stock analysts at StockNews.com initiated coverage on shares of Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) in a research report issued to clients and investors on Sunday. The brokerage set a "hold" rating on the bank's stock.
Ohio Valley Banc Price Performance
OVBC traded up $0.55 during trading on Friday, hitting $31.78. The company's stock had a trading volume of 12,645 shares, compared to its average volume of 9,972. The firm's 50 day moving average price is $25.03 and its two-hundred day moving average price is $24.85. 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 has a 12 month low of $19.35 and a 12 month high of $32.27. The stock has a market capitalization of $149.72 million, a price-to-earnings ratio of 13.70 and a beta of -0.09.
Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last issued 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 Investors Weigh In On Ohio Valley Banc
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake 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 purchasing an additional 1,099 shares during the period. Fourthstone LLC grew 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 worth $1,214,000 after purchasing an additional 33,145 shares during the period. Finally, Empowered Funds LLC acquired a new position in Ohio Valley Banc in the third quarter valued at about $204,000. 22.06% of the stock is 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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