Ohio Valley Banc (NASDAQ:OVBC) Receives New Coverage from Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Ohio Valley Banc (NASDAQ:OVBC – Get Rating) in a research note issued on Wednesday. The firm set a “hold” rating on the bank’s stock.

Ohio Valley Banc Stock Performance

Shares of NASDAQ:OVBC opened at $24.36 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $24.23 and a 200-day moving average price of $25.80. The company has a market cap of $116.44 million, a price-to-earnings ratio of 8.86 and a beta of 0.14. Ohio Valley Banc has a 12 month low of $21.96 and a 12 month high of $32.49.

Institutional Trading of Ohio Valley Banc

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Ohio Valley Banc by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 155,128 shares of the bank’s stock worth $4,654,000 after buying an additional 1,044 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Ohio Valley Banc by 22.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 149,878 shares of the bank’s stock valued at $3,960,000 after purchasing an additional 27,524 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Ohio Valley Banc by 4.9% during the first quarter. Dimensional Fund Advisors LP now owns 84,416 shares of the bank’s stock valued at $1,976,000 after purchasing an additional 3,956 shares during the last quarter. Abundance Wealth Counselors boosted its position in shares of Ohio Valley Banc by 26.8% in the 1st quarter. Abundance Wealth Counselors now owns 78,085 shares of the bank’s stock worth $1,828,000 after purchasing an additional 16,500 shares in the last quarter. Finally, BlackRock Inc. grew its stake in shares of Ohio Valley Banc by 166.0% in the 3rd quarter. BlackRock Inc. now owns 47,165 shares of the bank’s stock worth $1,313,000 after buying an additional 29,433 shares during the last quarter. 13.45% of the stock is currently owned by hedge funds and other institutional investors.

Ohio Valley Banc Company Profile

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Ohio Valley Banc Corp. is a financial holding company, which engages in the provision of community banking services. It operates through the Banking and Consumer Finance segments. The firm also offers non-banking activities, such as securities underwriting and dealing activities, insurance agency and underwriting activities, and merchant banking and equity investment activities.