Ohio Valley Banc Corp. (NASDAQ:OVBC) Shares Bought by Abundance Wealth Counselors

Abundance Wealth Counselors boosted its holdings in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94,909 shares of the bank’s stock after buying an additional 800 shares during the quarter. Ohio Valley Banc accounts for 0.6% of Abundance Wealth Counselors’ investment portfolio, making the stock its 29th largest position. Abundance Wealth Counselors owned approximately 1.99% of Ohio Valley Banc worth $2,183,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Ohio Valley Banc by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 53,499 shares of the bank’s stock worth $1,297,000 after buying an additional 1,538 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Ohio Valley Banc by 7.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 211,095 shares of the bank’s stock worth $5,161,000 after acquiring an additional 15,323 shares in the last quarter. BlackRock Inc. raised its stake in Ohio Valley Banc by 5.4% during the 2nd quarter. BlackRock Inc. now owns 49,280 shares of the bank’s stock worth $1,195,000 after acquiring an additional 2,515 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Ohio Valley Banc by 15.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 195,772 shares of the bank’s stock worth $4,796,000 after acquiring an additional 25,863 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Ohio Valley Banc by 8.0% during the 2nd quarter. Northern Trust Corp now owns 11,872 shares of the bank’s stock worth $288,000 after acquiring an additional 877 shares in the last quarter. 22.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Ohio Valley Banc Trading Down 1.3 %

NASDAQ OVBC opened at $23.40 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $112.09 million, a PE ratio of 8.83 and a beta of 0.11. Ohio Valley Banc Corp. has a one year low of $21.67 and a one year high of $25.95. The firm’s fifty day moving average is $24.36 and its two-hundred day moving average is $23.87.

Ohio Valley Banc (NASDAQ:OVBC) last posted its quarterly earnings data on Thursday, January 25th. The bank reported $0.68 EPS for the quarter. The company had revenue of $14.90 million for the quarter. Ohio Valley Banc had a net margin of 16.96% and a return on equity of 9.08%.

Ohio Valley Banc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, February 10th. Shareholders of record on Friday, January 26th were paid a $0.22 dividend. The ex-dividend date was Thursday, January 25th. This represents a $0.88 dividend on an annualized basis and a yield of 3.76%. Ohio Valley Banc’s dividend payout ratio is presently 33.21%.

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.