Ohio Valley Banc (NASDAQ:OVBC) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a report published on Tuesday. The firm issued a hold rating on the bank’s stock.

Ohio Valley Banc Trading Down 1.5 %

Ohio Valley Banc stock opened at $23.64 on Tuesday. The company has a 50 day moving average price of $24.32 and a 200 day moving average price of $23.82. Ohio Valley Banc has a 52 week low of $21.67 and a 52 week high of $25.95. 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 capitalization of $113.24 million, a price-to-earnings ratio of 8.92 and a beta of 0.11.

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

Ohio Valley Banc Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, April 25th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.72%. Ohio Valley Banc’s dividend payout ratio is currently 33.21%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE acquired a new position in Ohio Valley Banc in the 1st quarter valued at $38,000. Bank of New York Mellon Corp acquired a new stake in Ohio Valley Banc in the 1st quarter worth $201,000. State Street Corp grew its position in Ohio Valley Banc by 12.4% in the 1st quarter. State Street Corp now owns 11,129 shares of the bank’s stock worth $336,000 after purchasing an additional 1,224 shares during the last quarter. Northern Trust Corp grew its position in Ohio Valley Banc by 8.0% in the 2nd quarter. Northern Trust Corp now owns 11,872 shares of the bank’s stock worth $288,000 after purchasing an additional 877 shares during the last quarter. Finally, CI Private Wealth LLC acquired a new stake in Ohio Valley Banc in the 4th quarter worth $816,000. 22.06% of the stock is currently owned by institutional investors and hedge funds.

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.