Ohio Valley Banc (NASDAQ:OVBC) Earns Hold Rating from Analysts at StockNews.com

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

Ohio Valley Banc Stock Down 1.3 %

Ohio Valley Banc stock opened at $27.00 on Tuesday. Ohio Valley Banc has a 1-year low of $19.35 and a 1-year high of $28.00. The business has a fifty day moving average price of $24.54 and a 200-day moving average price of $23.45. 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 stock has a market capitalization of $127.20 million, a price-to-earnings ratio of 10.93 and a beta of 0.03.

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

Ohio Valley Banc Announces Dividend

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

Institutional Investors Weigh In On Ohio Valley Banc

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Empowered Funds LLC purchased a new position in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned 0.18% of Ohio Valley Banc as of its most recent filing with the Securities and Exchange Commission. 22.06% of the stock is currently owned by institutional investors and hedge funds.

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.