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

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

Ohio Valley Banc Trading Up 0.4 %

NASDAQ:OVBC opened at $23.40 on Tuesday. The stock has a market cap of $110.21 million, a P/E ratio of 9.47 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. 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 stock has a 50-day simple moving average of $25.36 and a 200-day simple moving average of $24.19.

Ohio Valley Banc (NASDAQ:OVBC) last posted its quarterly earnings data 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 firm had revenue of $22.26 million during the quarter. During the same period in the prior year, the company earned $0.47 earnings per share.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Empowered Funds LLC bought a new position in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned approximately 0.18% of Ohio Valley Banc at the end of the most recent quarter. 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.