Fourthstone LLC Buys New Shares in Ohio Valley Banc Corp. (NASDAQ:OVBC)

Fourthstone LLC acquired a new stake in Ohio Valley Banc Corp. (NASDAQ:OVBC) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 16,987 shares of the bank’s stock, valued at approximately $412,000. Fourthstone LLC owned approximately 0.36% of Ohio Valley Banc as of its most recent filing with the SEC.

Separately, Empowered Funds LLC bought a new position in shares of Ohio Valley Banc in the 3rd quarter worth approximately $204,000. Institutional investors and hedge funds own 22.06% of the company’s stock.

Ohio Valley Banc Stock Performance

OVBC stock traded down $0.36 during trading on Thursday, reaching $27.00. The stock had a trading volume of 2,436 shares, compared to its average volume of 3,439. The stock’s 50 day moving average is $24.49 and its two-hundred day moving average is $23.42. Ohio Valley Banc Corp. has a 52 week low of $19.35 and a 52 week high of $28.00. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. The firm has a market cap of $127.20 million, a PE ratio of 10.93 and a beta of 0.03.

Ohio Valley Banc (NASDAQ:OVBC) last released its earnings results on Monday, October 28th. The bank reported $0.58 earnings per share for the quarter. The company had revenue of $22.26 million for the quarter. Ohio Valley Banc had a net margin of 13.66% and a return on equity of 7.97%. During the same quarter last year, the firm posted $0.47 EPS.

Ohio Valley Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, November 10th. Shareholders of record on Friday, October 25th were paid a dividend of $0.22 per share. The ex-dividend date was Friday, October 25th. This represents a $0.88 annualized dividend and a yield of 3.26%. Ohio Valley Banc’s payout ratio is currently 35.63%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Ohio Valley Banc in a research note on Tuesday. They issued a “hold” rating on the 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.