StockNews.com began coverage on shares of Ohio Valley Banc (NASDAQ:OVBC – Free Report) in a research report released on Tuesday morning. The brokerage issued a hold rating on the bank’s stock.
Ohio Valley Banc Price Performance
NASDAQ:OVBC opened at $23.64 on Tuesday. The firm has a market capitalization of $113.24 million, a price-to-earnings ratio of 8.92 and a beta of 0.11. Ohio Valley Banc has a 1 year low of $21.67 and a 1 year high of $25.95. The business has a 50 day simple moving average of $24.32 and a 200-day simple moving average of $23.82. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.95.
Ohio Valley Banc (NASDAQ:OVBC – Get Free Report) last posted its quarterly earnings data on Thursday, January 25th. The bank reported $0.68 earnings per share (EPS) for the quarter. The business had revenue of $14.90 million during the quarter. Ohio Valley Banc had a return on equity of 9.08% and a net margin of 16.96%.
Ohio Valley Banc Announces Dividend
Institutional Investors Weigh In On Ohio Valley Banc
Hedge funds and other institutional investors have recently modified their holdings of the business. Abundance Wealth Counselors raised its holdings in shares of Ohio Valley Banc by 0.9% in the fourth quarter. Abundance Wealth Counselors now owns 94,909 shares of the bank’s stock worth $2,183,000 after buying an additional 800 shares during the period. Bank of America Corp DE purchased a new stake in shares of Ohio Valley Banc in the first quarter worth approximately $38,000. Dimensional Fund Advisors LP raised its holdings in shares of Ohio Valley Banc by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 84,416 shares of the bank’s stock worth $1,976,000 after buying an additional 3,956 shares during the period. CI Private Wealth LLC purchased a new stake in shares of Ohio Valley Banc in the fourth quarter worth approximately $816,000. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Ohio Valley Banc by 22.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 149,878 shares of the bank’s stock worth $3,960,000 after buying an additional 27,524 shares during the period. 22.06% of the stock is currently owned by hedge funds and other 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.
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