Ohio Valley Banc (NASDAQ:OVBC) Earns Hold Rating from Analysts at StockNews.com

Posted by Lauren Steadman on Apr 24th, 2024

Equities researchers at StockNews.com initiated coverage on shares of Ohio Valley Banc (NASDAQ:OVBC – Get Free Report) in a report released on Wednesday. The firm set a “hold” rating on the bank’s stock.

Ohio Valley Banc Price Performance

Shares of NASDAQ:OVBC opened at $23.50 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $24.25 and a 200 day simple moving average of $23.81. The firm has a market cap of $112.57 million, a PE ratio of 8.87 and a beta of 0.11. Ohio Valley Banc has a 12-month low of $21.67 and a 12-month high of $25.95.

Ohio Valley Banc (NASDAQ:OVBC – Get Free Report) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $0.68 earnings per share (EPS) for the quarter. The business had revenue of $14.90 million during the quarter. Ohio Valley Banc had a net margin of 16.96% and a return on equity of 9.08%.

Institutional Trading of Ohio Valley Banc

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Abundance Wealth Counselors bought a new stake in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 94,109 shares of the bank’s stock, valued at approximately $2,282,000. Ohio Valley Banc comprises about 0.7% of Abundance Wealth Counselors’ investment portfolio, making the stock its 25th largest holding. Abundance Wealth Counselors owned about 1.97% of Ohio Valley Banc as of its most recent SEC filing. Institutional investors own 22.06% of the company’s stock.

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.