StockNews.com Begins Coverage on Ohio Valley Banc (NASDAQ:OVBC)

StockNews.com began coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research note issued to investors on Tuesday. The firm issued a hold rating on the bank’s stock.

Ohio Valley Banc Trading Up 0.3 %

OVBC opened at $23.18 on Tuesday. The company has a fifty day moving average price of $25.28 and a two-hundred day moving average price of $24.20. Ohio Valley Banc has a 1-year low of $19.35 and a 1-year high of $28.00. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. The company has a market cap of $109.18 million, a P/E ratio of 9.38 and a beta of 0.08.

Ohio Valley Banc (NASDAQ:OVBC) last announced its earnings results on Monday, October 28th. The bank reported $0.58 earnings per share for the quarter. The firm had revenue of $22.26 million for the quarter. Ohio Valley Banc had a return on equity of 7.97% and a net margin of 13.66%. During the same quarter in the previous year, the firm earned $0.47 EPS.

Ohio Valley Banc Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 24th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Friday, January 24th. Ohio Valley Banc’s dividend payout ratio is currently 35.63%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Empowered Funds LLC acquired a new stake in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned approximately 0.18% of Ohio Valley Banc as of its most recent filing with the SEC. 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.