Ohio Valley Banc (NASDAQ:OVBC) Coverage Initiated at StockNews.com

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

Ohio Valley Banc Stock Up 2.9 %

Ohio Valley Banc stock opened at $21.71 on Friday. Ohio Valley Banc has a fifty-two week low of $19.35 and a fifty-two week high of $25.95. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a 50 day moving average price of $22.08 and a 200 day moving average price of $23.23. The company has a market capitalization of $103.99 million, a PE ratio of 9.01 and a beta of 0.05.

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

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 Ohio Valley Banc Corp. (NASDAQ:OVBC) by 0.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 94,909 shares of the bank’s stock after buying an additional 800 shares during the period. Ohio Valley Banc accounts for approximately 0.6% of Abundance Wealth Counselors’ portfolio, 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. 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.