Ohio Valley Banc (NASDAQ:OVBC) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Ohio Valley Banc Corp. (NASDAQ:OVBC)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.46 and traded as high as $27.04. Ohio Valley Banc shares last traded at $26.23, with a volume of 12,667 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Ohio Valley Banc in a research note on Saturday. They issued a “hold” rating on the stock.

Ohio Valley Banc Stock Down 0.1 %

The company has a market cap of $123.54 million, a price-to-earnings ratio of 11.31 and a beta of 0.06. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average of $24.27 and a two-hundred day moving average of $24.48.

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

Ohio Valley Banc Dividend Announcement

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

Institutional Investors Weigh In On Ohio Valley Banc

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased 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. Empowered Funds LLC acquired a new stake in shares of Ohio Valley Banc in the third quarter valued at approximately $204,000. Finally, Fourthstone LLC acquired a new stake in shares of Ohio Valley Banc in the third quarter valued at approximately $412,000. Institutional investors and hedge funds own 22.06% of the company’s stock.

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.