Ohio Valley Banc (NASDAQ:OVBC) Now Covered by StockNews.com

Analysts at StockNews.com began coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research report issued on Sunday. The firm set a “hold” rating on the bank’s stock.

Ohio Valley Banc Price Performance

Shares of NASDAQ:OVBC opened at $23.50 on Friday. The firm’s 50 day simple moving average is $25.50 and its two-hundred day simple moving average is $23.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $110.71 million, a P/E ratio of 9.51 and a beta of 0.08. 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 results on Monday, October 28th. The bank reported $0.58 EPS for the quarter. Ohio Valley Banc had a return on equity of 7.97% and a net margin of 13.66%. The company had revenue of $22.26 million for the quarter. During the same period in the prior year, the firm posted $0.47 earnings per share.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Ohio Valley Banc stock. Fourthstone LLC purchased a new position in Ohio Valley Banc Corp. (NASDAQ:OVBC) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,987 shares of the bank’s stock, valued at approximately $412,000. Fourthstone LLC owned about 0.36% 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.

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.