StockNews.com Begins Coverage on Ohio Valley Banc (NASDAQ:OVBC)

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

Ohio Valley Banc Trading Up 0.4 %

OVBC opened at $22.85 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average of $25.12 and a 200-day moving average of $24.27. Ohio Valley Banc has a twelve month low of $19.35 and a twelve month high of $28.00. The stock has a market cap of $107.62 million, a PE ratio of 9.25 and a beta of 0.08.

Ohio Valley Banc (NASDAQ:OVBC) last released its earnings results on Tuesday, January 28th. The bank reported $0.53 EPS for the quarter. Ohio Valley Banc had a return on equity of 7.97% and a net margin of 13.66%.

Institutional Investors Weigh In On Ohio Valley Banc

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Empowered Funds LLC purchased a new stake in Ohio Valley Banc Corp. (NASDAQ:OVBC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 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 quarter. 22.06% of the stock is owned by institutional investors.

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.