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

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

Ohio Valley Banc Price Performance

Shares of OVBC stock opened at $24.45 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.95. The firm’s 50-day moving average is $24.46 and its two-hundred day moving average is $23.86. Ohio Valley Banc has a 12 month low of $21.67 and a 12 month high of $25.95. The company has a market capitalization of $117.12 million, a PE ratio of 9.23 and a beta of 0.11.

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

Ohio Valley Banc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, February 10th. Stockholders of record on Friday, January 26th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend was Thursday, January 25th. Ohio Valley Banc’s dividend payout ratio (DPR) is 33.21%.

Institutional Investors Weigh In On Ohio Valley Banc

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE acquired a new position in shares of Ohio Valley Banc in the first quarter valued at approximately $38,000. Bank of New York Mellon Corp acquired a new position in shares of Ohio Valley Banc in the first quarter valued at approximately $201,000. Northern Trust Corp grew its holdings in shares of Ohio Valley Banc by 8.0% in the second quarter. Northern Trust Corp now owns 11,872 shares of the bank’s stock valued at $288,000 after purchasing an additional 877 shares in the last quarter. State Street Corp grew its holdings in shares of Ohio Valley Banc by 12.4% in the first quarter. State Street Corp now owns 11,129 shares of the bank’s stock valued at $336,000 after purchasing an additional 1,224 shares in the last quarter. Finally, CI Private Wealth LLC acquired a new position in shares of Ohio Valley Banc in the fourth quarter valued at approximately $816,000. 22.06% of the stock is owned by hedge funds and other institutional investors.

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.