Ohio Valley Banc (NASDAQ:OVBC) Earns Hold Rating from Analysts at StockNews.com

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

Ohio Valley Banc Stock Performance

Shares of Ohio Valley Banc stock opened at $21.10 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.36. The company has a market cap of $101.07 million, a PE ratio of 8.76 and a beta of 0.05. The business has a 50 day moving average price of $22.10 and a 200-day moving average price of $23.24. Ohio Valley Banc has a 52 week low of $19.35 and a 52 week high of $25.95.

Ohio Valley Banc (NASDAQ:OVBC) last announced its quarterly earnings data on Thursday, April 25th. The bank reported $0.58 earnings per share for the quarter. Ohio Valley Banc had a return on equity of 8.16% and a net margin of 14.70%. The business had revenue of $14.89 million during the quarter.

Institutional Investors Weigh In On Ohio Valley Banc

An institutional investor recently raised its position in Ohio Valley Banc stock. Abundance Wealth Counselors grew its holdings in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,909 shares of the bank’s stock after acquiring an additional 800 shares during the period. Ohio Valley Banc comprises approximately 0.6% of Abundance Wealth Counselors’ holdings, making the stock its 29th largest position. Abundance Wealth Counselors owned about 1.99% of Ohio Valley Banc worth $2,183,000 as of its most recent SEC filing. 22.06% of the stock is owned by institutional investors.

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.