StockNews.com Initiates Coverage on Ohio Valley Banc (NASDAQ:OVBC)

StockNews.com initiated coverage on shares of Ohio Valley Banc (NASDAQ:OVBCFree Report) in a research note issued to investors on Saturday. The firm issued a hold rating on the bank’s stock.

Ohio Valley Banc Trading Down 0.0 %

Shares of OVBC opened at $23.99 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 0.37. The firm’s 50-day moving average is $24.33 and its two-hundred day moving average is $23.87. Ohio Valley Banc has a twelve month low of $21.67 and a twelve month high of $25.95. The firm has a market capitalization of $114.91 million, a P/E ratio of 9.05 and a beta of 0.11.

Ohio Valley Banc (NASDAQ:OVBCGet Free Report) last issued its earnings results on Thursday, January 25th. The bank reported $0.68 earnings per share for the quarter. Ohio Valley Banc had a net margin of 16.96% and a return on equity of 9.08%. The company had revenue of $14.90 million for the quarter.

Ohio Valley Banc Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, February 10th. Stockholders of record on Friday, January 26th were given a $0.22 dividend. The ex-dividend date was Thursday, January 25th. This represents a $0.88 annualized dividend and a dividend yield of 3.67%. Ohio Valley Banc’s dividend payout ratio is presently 33.21%.

Institutional Trading of Ohio Valley Banc

Several large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company grew its position in shares of Ohio Valley Banc by 7.8% in the third quarter. The Manufacturers Life Insurance Company now owns 211,095 shares of the bank’s stock valued at $5,161,000 after purchasing an additional 15,323 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Ohio Valley Banc by 15.2% in the second quarter. The Manufacturers Life Insurance Company now owns 195,772 shares of the bank’s stock valued at $4,796,000 after purchasing an additional 25,863 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Ohio Valley Banc by 0.7% in the first quarter. Vanguard Group Inc. now owns 155,128 shares of the bank’s stock valued at $4,654,000 after purchasing an additional 1,044 shares during the last quarter. Abundance Wealth Counselors grew its position in shares of Ohio Valley Banc by 0.9% in the fourth quarter. Abundance Wealth Counselors now owns 94,909 shares of the bank’s stock valued at $2,183,000 after purchasing an additional 800 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Ohio Valley Banc by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 91,143 shares of the bank’s stock valued at $2,096,000 after purchasing an additional 2,404 shares during the last quarter. 20.04% of the stock is currently owned by institutional investors and hedge funds.

About Ohio Valley Banc

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Ohio Valley Banc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ohio Valley Banc and related companies with MarketBeat.com's FREE daily email newsletter.