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

Stock analysts at StockNews.com initiated coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research note issued to investors on Friday. The firm set a “hold” rating on the bank’s stock.

Ohio Valley Banc Stock Performance

NASDAQ OVBC opened at $23.21 on Friday. The firm has a market capitalization of $111.24 million, a P/E ratio of 9.63 and a beta of 0.11. The stock has a 50-day simple moving average of $23.75 and a two-hundred day simple moving average of $23.72. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.95 and a current ratio of 0.95. Ohio Valley Banc has a fifty-two week low of $21.67 and a fifty-two week high of $25.95.

Institutional Investors Weigh In On Ohio Valley Banc

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Abundance Wealth Counselors purchased a new stake in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 94,109 shares of the bank’s stock, valued at approximately $2,282,000. Ohio Valley Banc accounts for 0.7% of Abundance Wealth Counselors’ holdings, making the stock its 25th biggest position. Abundance Wealth Counselors owned approximately 1.97% of Ohio Valley Banc at the end of the most recent reporting period. 22.06% of the stock is currently owned by 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.