Short Interest in Ohio Valley Banc Corp. (NASDAQ:OVBC) Expands By 20.0%

Ohio Valley Banc Corp. (NASDAQ:OVBC) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 12,000 shares, a growth of 20.0% from the October 15th total of 10,000 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 4,400 shares, the days-to-cover ratio is currently 2.7 days.

Hedge Funds 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 stake in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned approximately 0.18% of Ohio Valley Banc at the end of the most recent quarter. Hedge funds and other institutional investors own 22.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Ohio Valley Banc in a report on Sunday, November 10th. They issued a “hold” rating on the stock.

Ohio Valley Banc Stock Down 0.2 %

OVBC traded down $0.06 during trading on Friday, hitting $25.40. The stock had a trading volume of 945 shares, compared to its average volume of 3,858. The stock has a 50 day simple moving average of $23.98 and a two-hundred day simple moving average of $23.21. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.95 and a current ratio of 0.95. Ohio Valley Banc has a twelve month low of $19.35 and a twelve month high of $25.51. The company has a market capitalization of $119.63 million, a PE ratio of 10.28 and a beta of 0.03.

Ohio Valley Banc (NASDAQ:OVBC) last posted its quarterly earnings data on Monday, October 28th. The bank reported $0.58 earnings per share for the quarter. Ohio Valley Banc had a return on equity of 8.06% and a net margin of 13.66%. The firm had revenue of $22.26 million during the quarter. During the same period in the previous year, the business earned $0.47 EPS.

Ohio Valley Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, November 10th. Stockholders of record on Friday, October 25th were issued a dividend of $0.22 per share. The ex-dividend date was Friday, October 25th. This represents a $0.88 annualized dividend and a dividend yield of 3.46%. Ohio Valley Banc’s dividend payout ratio (DPR) is currently 35.63%.

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.