Ohio Valley Banc (NASDAQ:OVBC) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $43.30 and traded as high as $49.05. Ohio Valley Banc shares last traded at $48.21, with a volume of 25,666 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Ohio Valley Banc from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, May 15th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy”.

Ohio Valley Banc Stock Performance

The firm’s 50 day moving average price is $46.73 and its 200-day moving average price is $43.43. The firm has a market cap of $226.60 million, a price-to-earnings ratio of 14.67 and a beta of 0.02. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.94 and a quick ratio of 0.94.

Ohio Valley Banc (NASDAQ:OVBC) last issued its quarterly earnings results on Tuesday, April 28th. The bank reported $0.91 earnings per share for the quarter. Ohio Valley Banc had a net margin of 16.05% and a return on equity of 9.29%. The firm had revenue of $18.18 million during the quarter.

Ohio Valley Banc Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, May 10th. Shareholders of record on Friday, April 24th were issued a $0.25 dividend. This is a positive change from Ohio Valley Banc’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, April 24th. This represents a $1.00 annualized dividend and a yield of 2.1%. Ohio Valley Banc’s payout ratio is currently 30.49%.

Institutional Trading of Ohio Valley Banc

Several institutional investors have recently modified their holdings of the company. Deutsche Bank AG raised its stake in shares of Ohio Valley Banc by 25.1% in the fourth quarter. Deutsche Bank AG now owns 2,285 shares of the bank’s stock valued at $91,000 after purchasing an additional 458 shares in the last quarter. Royal Bank of Canada increased its holdings in Ohio Valley Banc by 20.0% in the 4th quarter. Royal Bank of Canada now owns 3,019 shares of the bank’s stock valued at $120,000 after buying an additional 503 shares during the period. Empowered Funds LLC raised its stake in shares of Ohio Valley Banc by 6.4% in the 1st quarter. Empowered Funds LLC now owns 9,302 shares of the bank’s stock valued at $242,000 after buying an additional 558 shares in the last quarter. Ritholtz Wealth Management lifted its holdings in shares of Ohio Valley Banc by 5.9% during the 4th quarter. Ritholtz Wealth Management now owns 13,372 shares of the bank’s stock worth $535,000 after acquiring an additional 745 shares during the period. Finally, Bridgeway Capital Management LLC increased its stake in Ohio Valley Banc by 2.5% in the second quarter. Bridgeway Capital Management LLC now owns 33,312 shares of the bank’s stock valued at $1,074,000 after acquiring an additional 810 shares during the period. Institutional investors and hedge funds own 22.06% of the company’s stock.

About Ohio Valley Banc

Ohio Valley Banc Corp is a bank holding company headquartered in Wheeling, West Virginia, operating through its principal subsidiary, The Ohio Valley Bank. As a locally focused financial institution, the company delivers a range of banking and financial solutions designed to meet the needs of individual, small business and commercial clients across its service area.

Through its subsidiary, Ohio Valley Banc offers traditional banking products including checking and savings accounts, certificates of deposit and consumer and residential mortgage loans.