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

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

Ohio Valley Banc Stock Up 1.2 %

Shares of OVBC opened at $23.99 on Tuesday. Ohio Valley Banc has a 52 week low of $21.67 and a 52 week high of $25.95. The stock has a market capitalization of $114.91 million, a price-to-earnings ratio of 9.05 and a beta of 0.11. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a fifty day moving average of $24.35 and a 200-day moving average of $23.83.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Ohio Valley Banc by 7.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 211,095 shares of the bank’s stock valued at $5,161,000 after acquiring an additional 15,323 shares during the last quarter. Vanguard Group Inc. raised its position in Ohio Valley Banc by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 155,128 shares of the bank’s stock worth $4,654,000 after purchasing an additional 1,044 shares during the last quarter. Abundance Wealth Counselors raised its position in Ohio Valley Banc by 0.9% during the 4th quarter. Abundance Wealth Counselors now owns 94,909 shares of the bank’s stock worth $2,183,000 after purchasing an additional 800 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Ohio Valley Banc by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 91,143 shares of the bank’s stock worth $2,096,000 after purchasing an additional 2,404 shares during the last quarter. 22.06% of the stock is currently owned by institutional investors.

About Ohio Valley Banc

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.