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

StockNews.com initiated coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research note issued to investors on Monday. The brokerage issued a hold rating on the bank’s stock.

Ohio Valley Banc Price Performance

Shares of NASDAQ OVBC opened at $22.40 on Monday. The firm has a 50-day simple moving average of $25.42 and a 200-day simple moving average of $24.08. 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 capitalization of $105.53 million, a price-to-earnings ratio of 9.07 and a beta of 0.08. Ohio Valley Banc has a 52 week low of $19.35 and a 52 week high of $28.00.

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

Ohio Valley Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 24th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, January 24th. This represents a $0.88 dividend on an annualized basis and a yield of 3.93%. Ohio Valley Banc’s payout ratio is 35.63%.

Institutional Trading of Ohio Valley Banc

An institutional investor recently bought a new position in Ohio Valley Banc stock. Empowered Funds LLC purchased 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 SEC. The fund purchased 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned about 0.18% of Ohio Valley Banc at the end of the most recent quarter. Institutional investors and hedge funds 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.