Ohio Valley Banc Corp. (NASDAQ:OVBC) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC trimmed its position in Ohio Valley Banc Corp. (NASDAQ:OVBC) by 2.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,248 shares of the bank’s stock after selling 842 shares during the period. Geode Capital Management LLC owned 0.81% of Ohio Valley Banc worth $927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Empowered Funds LLC acquired a new stake in Ohio Valley Banc during the 3rd quarter valued at approximately $204,000. 22.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Ohio Valley Banc in a report on Sunday, January 5th. They issued a “hold” rating on the stock.

Ohio Valley Banc Stock Down 1.0 %

Ohio Valley Banc stock opened at $23.30 on Friday. Ohio Valley Banc Corp. has a 52 week low of $19.35 and a 52 week high of $28.00. The firm has a market cap of $109.77 million, a price-to-earnings ratio of 9.43 and a beta of 0.08. The business’s 50-day moving average price is $25.47 and its 200 day moving average price is $23.99. The company has a quick ratio of 0.89, 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 data on Monday, October 28th. The bank reported $0.58 EPS for the quarter. Ohio Valley Banc had a net margin of 13.66% and a return on equity of 7.97%. The business had revenue of $22.26 million for the quarter. During the same period in the previous year, the business earned $0.47 EPS.

Ohio Valley Banc Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, November 10th. Stockholders of record on Friday, October 25th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend was Friday, October 25th. Ohio Valley Banc’s dividend payout ratio (DPR) is presently 35.63%.

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.