Ohio Valley Banc (NASDAQ:OVBC) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the bank’s stock.

Ohio Valley Banc Price Performance

Shares of Ohio Valley Banc stock opened at $23.25 on Thursday. The company has a market cap of $109.51 million, a price-to-earnings ratio of 10.02 and a beta of 0.06. The company’s 50 day moving average is $24.69 and its 200 day moving average is $24.35. Ohio Valley Banc has a twelve month low of $19.35 and a twelve month high of $28.00. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32.

Ohio Valley Banc (NASDAQ:OVBC) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $0.53 earnings per share for the quarter. Ohio Valley Banc had a net margin of 12.37% and a return on equity of 7.44%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Ohio Valley Banc stock. Fourthstone LLC 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 16,987 shares of the bank’s stock, valued at approximately $412,000. Fourthstone LLC owned 0.36% of Ohio Valley Banc at the end of the most recent quarter. 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.