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

StockNews.com assumed coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research report sent to investors on Thursday morning. The brokerage issued a hold rating on the bank’s stock.

Ohio Valley Banc Stock Performance

Shares of Ohio Valley Banc stock opened at $27.10 on Thursday. The firm’s fifty day simple moving average is $25.08 and its 200-day simple moving average is $23.70. Ohio Valley Banc has a 12 month low of $19.35 and a 12 month high of $28.00. The stock has a market capitalization of $127.64 million, a price-to-earnings ratio of 10.97 and a beta of 0.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89.

Ohio Valley Banc (NASDAQ:OVBC) last posted its quarterly earnings data on Monday, October 28th. The bank reported $0.58 earnings per share for the quarter. Ohio Valley Banc had a return on equity of 7.97% and a net margin of 13.66%. The company had revenue of $22.26 million during the quarter. During the same period in the previous year, the business posted $0.47 earnings per share.

Ohio Valley Banc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, November 10th. Investors of record on Friday, October 25th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date was Friday, October 25th. Ohio Valley Banc’s dividend payout ratio is currently 35.63%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Ohio Valley Banc stock. Empowered Funds LLC acquired a new stake in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned 0.18% of Ohio Valley Banc as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 22.06% of the company’s stock.

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.