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

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

Ohio Valley Banc Trading Down 2.1 %

NASDAQ:OVBC opened at $23.00 on Wednesday. The company’s 50 day moving average price is $24.12 and its 200-day moving average price is $23.80. Ohio Valley Banc has a 52 week low of $21.67 and a 52 week high of $25.95. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.37. The stock has a market cap of $110.17 million, a price-to-earnings ratio of 9.54 and a beta of 0.11.

Ohio Valley Banc (NASDAQ:OVBC) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $0.68 EPS for the quarter. Ohio Valley Banc had a net margin of 14.70% and a return on equity of 8.25%. The firm had revenue of $14.90 million for the quarter.

Ohio Valley Banc Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.83%. The ex-dividend date is Thursday, April 25th. Ohio Valley Banc’s dividend payout ratio is currently 36.51%.

Institutional Investors Weigh In On Ohio Valley Banc

An institutional investor recently bought a new position in Ohio Valley Banc stock. Abundance Wealth Counselors purchased a new position in Ohio Valley Banc Corp. (NASDAQ:OVBC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 94,109 shares of the bank’s stock, valued at approximately $2,282,000. Ohio Valley Banc accounts for about 0.7% of Abundance Wealth Counselors’ portfolio, making the stock its 25th largest position. Abundance Wealth Counselors owned 1.97% of Ohio Valley Banc as of its most recent SEC filing. Institutional investors and hedge funds 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.