Ohio Valley Banc (NASDAQ:OVBC) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research report report published on Saturday. The firm issued a hold rating on the bank’s stock.

Ohio Valley Banc Price Performance

Shares of OVBC opened at $26.23 on Friday. The business’s fifty day moving average is $24.27 and its 200 day moving average is $24.48. Ohio Valley Banc has a 12-month low of $19.35 and a 12-month high of $28.00. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32. The stock has a market cap of $123.54 million, a P/E ratio of 11.31 and a beta of 0.06.

Ohio Valley Banc (NASDAQ:OVBC) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $0.53 earnings per share for the quarter. Ohio Valley Banc had a net margin of 12.37% and a return on equity of 7.44%.

Ohio Valley Banc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 24th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend was Friday, January 24th. Ohio Valley Banc’s payout ratio is currently 37.93%.

Hedge Funds Weigh In On Ohio Valley Banc

A number of hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of Ohio Valley Banc by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank’s stock valued at $2,205,000 after purchasing an additional 1,099 shares during the last quarter. Fourthstone LLC grew its position in 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 purchasing an additional 33,145 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in Ohio Valley Banc in the 3rd quarter valued at about $204,000. 22.06% of the stock is owned by hedge funds and other institutional investors.

About Ohio Valley Banc

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.