Ohio Valley Banc (NASDAQ:OVBC) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Ohio Valley Banc Corp. (NASDAQ:OVBC)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $24.38 and traded as high as $26.34. Ohio Valley Banc shares last traded at $26.00, with a volume of 10,174 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Ohio Valley Banc in a research note on Friday. They issued a “hold” rating for the company.

Ohio Valley Banc Trading Up 4.0 %

The company has a 50-day moving average of $24.34 and a 200 day moving average of $24.38. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market cap of $122.46 million, a PE ratio of 11.21 and a beta of 0.06.

Ohio Valley Banc (NASDAQ:OVBC) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $0.53 earnings per share (EPS) for the quarter. Ohio Valley Banc had a return on equity of 7.44% and a net margin of 12.37%.

Ohio Valley Banc Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 24th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend was Friday, January 24th. Ohio Valley Banc’s dividend payout ratio is currently 37.93%.

Institutional Investors Weigh In On Ohio Valley Banc

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Empowered Funds LLC acquired a new position in Ohio Valley Banc Corp. (NASDAQ:OVBC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned about 0.18% of Ohio Valley Banc at the end of the most recent reporting period. Institutional investors and hedge funds own 22.06% of the company’s stock.

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.