Ohio Valley Banc (NASDAQ:OVBC) Raised to “Buy” at StockNews.com

Ohio Valley Banc (NASDAQ:OVBC) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Ohio Valley Banc Stock Performance

OVBC stock traded down $0.13 during mid-day trading on Monday, hitting $35.66. The company had a trading volume of 6,027 shares, compared to its average volume of 7,204. The firm has a market cap of $167.99 million, a PE ratio of 15.37 and a beta of 0.15. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.89. Ohio Valley Banc has a 12 month low of $19.35 and a 12 month high of $40.99. The stock’s fifty day moving average price is $32.67 and its two-hundred day moving average price is $28.10.

Ohio Valley Banc (NASDAQ:OVBC) last posted its quarterly earnings results on Friday, April 25th. The bank reported $0.94 earnings per share (EPS) for the quarter. The company had revenue of $16.79 million for the quarter. Ohio Valley Banc had a net margin of 12.37% and a return on equity of 7.44%.

Institutional Investors Weigh In On Ohio Valley Banc

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in Ohio Valley Banc in the 1st quarter worth $232,000. Empowered Funds LLC raised its holdings in Ohio Valley Banc by 6.4% in the 1st quarter. Empowered Funds LLC now owns 9,302 shares of the bank’s stock worth $242,000 after purchasing an additional 558 shares in the last quarter. Fourthstone LLC increased its stake in shares of Ohio Valley Banc by 195.1% in the 4th quarter. Fourthstone LLC now owns 50,132 shares of the bank’s stock worth $1,214,000 after acquiring an additional 33,145 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Ohio Valley Banc by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank’s stock worth $2,205,000 after acquiring an additional 1,099 shares in the last quarter. 22.06% of the stock is currently owned by institutional investors.

Ohio Valley Banc Company Profile

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.