StockNews.com Initiates Coverage on Ohio Valley Banc (NASDAQ:OVBC)

Equities researchers at StockNews.com started coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a note issued to investors on Thursday. The firm set a “hold” rating on the bank’s stock.

Ohio Valley Banc Price Performance

OVBC stock opened at $23.90 on Thursday. 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 52 week low of $19.35 and a 52 week high of $28.00. The firm’s fifty day moving average is $24.54 and its 200 day moving average is $24.33. The firm has a market cap of $112.59 million, a P/E ratio of 10.30 and a beta of 0.06.

Ohio Valley Banc (NASDAQ:OVBC) last released its earnings results on Tuesday, January 28th. The bank reported $0.53 EPS 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

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) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 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 SEC filing. Hedge funds and other institutional investors 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.