Ohio Valley Banc (NASDAQ:OVBC) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research note published on Monday morning. The brokerage issued a hold rating on the bank’s stock.

Ohio Valley Banc Trading Up 0.8 %

Shares of OVBC stock opened at $27.84 on Monday. Ohio Valley Banc has a 12-month low of $19.35 and a 12-month high of $27.97. The company has a market capitalization of $131.13 million, a PE ratio of 11.18 and a beta of 0.03. The firm has a 50 day moving average price of $24.13 and a two-hundred day moving average price of $23.27. The company has a quick ratio of 0.95, a current ratio of 0.89 and a debt-to-equity ratio of 0.32.

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

Ohio Valley Banc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, November 10th. Investors of record on Friday, October 25th were given a dividend of $0.22 per share. The ex-dividend date was Friday, October 25th. This represents a $0.88 dividend on an annualized basis and a yield of 3.16%. Ohio Valley Banc’s dividend payout ratio is currently 35.63%.

Institutional Trading of Ohio Valley Banc

An institutional investor recently bought a new position in Ohio Valley Banc stock. Empowered Funds LLC bought a new position in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned about 0.18% of Ohio Valley Banc at the end of the most recent reporting period. Institutional investors and hedge funds own 22.06% of the company’s stock.

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.