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

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

Ohio Valley Banc Price Performance

OVBC stock opened at $26.23 on Friday. 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’s 50 day moving average price is $24.29 and its 200 day moving average price is $24.46. The firm has a market cap of $123.54 million, a P/E ratio of 11.31 and a beta of 0.06.

Ohio Valley Banc (NASDAQ:OVBC) last posted its earnings results on Tuesday, January 28th. The bank reported $0.53 earnings per share (EPS) for the quarter. Ohio Valley Banc had a return on equity of 7.44% and a net margin of 12.37%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OVBC. Empowered Funds LLC acquired a new position in Ohio Valley Banc in the 3rd quarter valued at $204,000. Fourthstone LLC acquired a new position in Ohio Valley Banc in the 3rd quarter valued at $412,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Ohio Valley Banc by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank’s stock worth $2,205,000 after buying an additional 1,099 shares during the last quarter. 22.06% of the stock is currently 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.