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

Analysts at StockNews.com initiated coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the bank’s stock.

Ohio Valley Banc Trading Down 1.2 %

Shares of OVBC stock opened at $26.80 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $126.23 million, a price-to-earnings ratio of 10.85 and a beta of 0.06. Ohio Valley Banc has a 52-week low of $19.35 and a 52-week high of $28.00. The company has a 50-day simple moving average of $24.67 and a two-hundred day simple moving average of $23.52.

Ohio Valley Banc (NASDAQ:OVBC) last released its earnings results on Monday, October 28th. The bank reported $0.58 earnings per share (EPS) for the quarter. The company 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 period in the prior year, the company earned $0.47 earnings per share.

Institutional Trading of Ohio Valley Banc

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Empowered Funds LLC purchased a new position in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned about 0.18% of Ohio Valley Banc as of its most recent SEC filing. Hedge funds and other institutional investors 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.