Ohio Valley Banc (NASDAQ:OVBC) Shares Pass Above 200-Day Moving Average – Time to Sell?

Ohio Valley Banc Corp. (NASDAQ:OVBC)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $43.73 and traded as high as $44.39. Ohio Valley Banc shares last traded at $42.60, with a volume of 16,712 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Ohio Valley Banc from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

Ohio Valley Banc Stock Performance

The stock’s 50 day moving average price is $46.49 and its 200 day moving average price is $43.73. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.30. The firm has a market cap of $200.65 million, a PE ratio of 12.99 and a beta of 0.03.

Ohio Valley Banc (NASDAQ:OVBC) last announced 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 business also recently announced a quarterly dividend, which was paid on Sunday, May 10th. Stockholders of record on Friday, April 24th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, April 24th. This is a positive change from Ohio Valley Banc’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. Ohio Valley Banc’s dividend payout ratio (DPR) is currently 30.49%.

Institutional Investors Weigh In On Ohio Valley Banc

Several hedge funds have recently modified their holdings of the stock. Deutsche Bank AG boosted its holdings in Ohio Valley Banc by 25.1% in the 4th quarter. Deutsche Bank AG now owns 2,285 shares of the bank’s stock worth $91,000 after acquiring an additional 458 shares during the period. Royal Bank of Canada lifted its position in shares of Ohio Valley Banc by 20.0% during the fourth quarter. Royal Bank of Canada now owns 3,019 shares of the bank’s stock worth $120,000 after purchasing an additional 503 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Ohio Valley Banc by 6.4% during the first quarter. Empowered Funds LLC now owns 9,302 shares of the bank’s stock worth $242,000 after purchasing an additional 558 shares in the last quarter. Ritholtz Wealth Management lifted its position in shares of Ohio Valley Banc by 5.9% during the fourth quarter. Ritholtz Wealth Management now owns 13,372 shares of the bank’s stock worth $535,000 after purchasing an additional 745 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its stake in shares of 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 purchasing an additional 810 shares during the period. 22.06% of the stock is currently owned by hedge funds and other institutional investors.

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.