TrueMark Investments LLC Takes Position in Ohio Valley Banc Corp. $OVBC

TrueMark Investments LLC bought a new position in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) in the 3rd quarter, Holdings Channel.com reports. The fund bought 17,197 shares of the bank’s stock, valued at approximately $636,000.

Several other large investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new stake in Ohio Valley Banc in the 2nd quarter valued at about $58,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Ohio Valley Banc during the second quarter worth approximately $67,000. Bank of America Corp DE raised its holdings in Ohio Valley Banc by 104.0% in the second 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. New York State Common Retirement Fund purchased a new position in Ohio Valley Banc in the second quarter worth approximately $110,000. Finally, Jane Street Group LLC acquired a new position in Ohio Valley Banc during the 1st quarter worth approximately $232,000. Hedge funds and other institutional investors own 22.06% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ohio Valley Banc in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Ohio Valley Banc Stock Performance

Shares of Ohio Valley Banc stock opened at $40.31 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. Ohio Valley Banc Corp. has a 52 week low of $22.10 and a 52 week high of $42.00. The firm’s 50 day moving average is $39.88 and its two-hundred day moving average is $37.16. The firm has a market capitalization of $189.86 million and a P/E ratio of 13.44.

Ohio Valley Banc (NASDAQ:OVBC) last issued its earnings results on Friday, November 14th. The bank reported $0.64 earnings per share (EPS) for the quarter. The business had revenue of $16.35 million during the quarter. Ohio Valley Banc had a net margin of 14.97% and a return on equity of 8.97%.

Ohio Valley Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 10th. Shareholders of record on Friday, January 23rd will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, January 23rd. Ohio Valley Banc’s dividend payout ratio is currently 30.67%.

Ohio Valley Banc Company Profile

Ohio Valley Banc Corp is a bank holding company headquartered in Wheeling, West Virginia, operating through its principal subsidiary, The Ohio Valley Bank. As a locally focused financial institution, the company delivers a range of banking and financial solutions designed to meet the needs of individual, small business and commercial clients across its service area.

Through its subsidiary, Ohio Valley Banc offers traditional banking products including checking and savings accounts, certificates of deposit and consumer and residential mortgage loans.