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

Equities research analysts at StockNews.com assumed coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the bank’s stock.

Ohio Valley Banc Price Performance

Shares of OVBC opened at $24.80 on Friday. The firm has a fifty day simple moving average of $25.26 and a two-hundred day simple moving average of $23.74. The firm has a market cap of $116.83 million, a PE ratio of 10.04 and a beta of 0.06. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. Ohio Valley Banc has a 1-year low of $19.35 and a 1-year high of $28.00.

Ohio Valley Banc (NASDAQ:OVBC) last posted its quarterly earnings data on Monday, October 28th. The bank reported $0.58 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 quarter last year, the company posted $0.47 EPS.

Institutional Trading of Ohio Valley Banc

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

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.