Ohio Valley Banc (NASDAQ:OVBC) Earns Buy (B) Rating from Weiss Ratings

Ohio Valley Banc (NASDAQ:OVBC)‘s stock had its “buy (b)” rating restated by investment analysts at Weiss Ratings in a report released on Saturday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded Ohio Valley Banc from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Ohio Valley Banc Stock Down 0.1%

Shares of NASDAQ:OVBC opened at $35.93 on Friday. Ohio Valley Banc has a 1 year low of $21.86 and a 1 year high of $40.99. The company has a market cap of $169.23 million, a PE ratio of 12.22 and a beta of 0.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.90 and a quick ratio of 0.90. The stock’s 50-day moving average is $36.57 and its 200 day moving average is $34.79.

Ohio Valley Banc (NASDAQ:OVBC) last announced its quarterly earnings results on Friday, July 25th. The bank reported $0.89 earnings per share (EPS) for the quarter. Ohio Valley Banc had a return on equity of 8.95% and a net margin of 14.81%.The company had revenue of $17.38 million for the quarter.

Institutional Trading of Ohio Valley Banc

A number of hedge funds have recently made changes to their positions in the stock. AA Financial Advisors LLC boosted its position in shares of Ohio Valley Banc by 398.6% in the 3rd quarter. AA Financial Advisors LLC now owns 33,828 shares of the bank’s stock worth $1,251,000 after purchasing an additional 27,043 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in Ohio Valley Banc by 2.5% in the 2nd quarter. Bridgeway Capital Management LLC now owns 33,312 shares of the bank’s stock valued at $1,074,000 after acquiring an additional 810 shares in the last quarter. Bank of America Corp DE lifted its position in Ohio Valley Banc by 104.0% in the 2nd quarter. Bank of America Corp DE now owns 3,336 shares of the bank’s stock valued at $108,000 after acquiring an additional 1,701 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Ohio Valley Banc in the 2nd quarter valued at approximately $67,000. Finally, Fourthstone LLC bought a new position in Ohio Valley Banc in the 2nd quarter valued at approximately $527,000. 22.06% of the stock is 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.