Ohio Valley Banc (NASDAQ:OVBC) Stock Price Crosses Above 200-Day Moving Average of $23.83

Ohio Valley Banc Corp. (NASDAQ:OVBC)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.83 and traded as high as $24.17. Ohio Valley Banc shares last traded at $23.70, with a volume of 3,165 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Ohio Valley Banc in a research report on Tuesday. They issued a “hold” rating for the company.

Ohio Valley Banc Stock Performance

The company has a market cap of $114.91 million, a price-to-earnings ratio of 9.05 and a beta of 0.11. The firm has a 50 day moving average price of $24.35 and a two-hundred day moving average price of $23.83. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.37.

Ohio Valley Banc (NASDAQ:OVBC) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $0.68 earnings per share for the quarter. The company 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%.

Institutional Investors Weigh In On Ohio Valley Banc

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE acquired a new stake in Ohio Valley Banc during the first quarter worth approximately $38,000. Bank of New York Mellon Corp acquired a new stake in Ohio Valley Banc during the first quarter worth approximately $201,000. Northern Trust Corp grew its stake in Ohio Valley Banc by 8.0% during the second quarter. Northern Trust Corp now owns 11,872 shares of the bank’s stock worth $288,000 after purchasing an additional 877 shares during the period. State Street Corp grew its stake in Ohio Valley Banc by 12.4% during the first quarter. State Street Corp now owns 11,129 shares of the bank’s stock worth $336,000 after purchasing an additional 1,224 shares during the period. Finally, CI Private Wealth LLC acquired a new stake in Ohio Valley Banc during the fourth quarter worth approximately $816,000. Institutional investors and hedge funds own 22.06% of the company’s stock.

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.