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

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

Ohio Valley Banc Price Performance

OVBC opened at $24.80 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. The company has a market cap of $116.83 million, a price-to-earnings ratio of 10.04 and a beta of 0.06. The stock has a fifty day simple moving average of $25.28 and a two-hundred day simple moving average of $23.75. Ohio Valley Banc has a 12-month low of $19.35 and a 12-month high of $28.00.

Ohio Valley Banc (NASDAQ:OVBC) last posted its quarterly earnings data on Monday, October 28th. The bank reported $0.58 EPS for the quarter. The business had revenue of $22.26 million for the quarter. Ohio Valley Banc had a net margin of 13.66% and a return on equity of 7.97%. During the same period in the previous year, the firm earned $0.47 EPS.

Ohio Valley Banc Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, November 10th. Investors of record on Friday, October 25th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend was Friday, October 25th. Ohio Valley Banc’s dividend payout ratio is currently 35.63%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Ohio Valley Banc stock. Empowered Funds LLC acquired a new position in Ohio Valley Banc Corp. (NASDAQ:OVBC) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned approximately 0.18% of Ohio Valley Banc at the end of the most recent reporting period. 22.06% of the stock is owned by institutional investors and hedge funds.

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.