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

Equities researchers 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 Trading Up 1.6 %

Shares of OVBC stock opened at $31.50 on Friday. The stock has a market cap of $148.40 million, a price-to-earnings ratio of 13.58 and a beta of 0.06. 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 has a fifty-two week low of $19.35 and a fifty-two week high of $31.59. The firm’s 50 day moving average price is $24.66 and its two-hundred day moving average price is $24.68.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in Ohio Valley Banc by 1.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank’s stock valued at $2,205,000 after buying an additional 1,099 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Ohio Valley Banc during the third quarter worth $204,000. Finally, Fourthstone LLC acquired a new position in shares of Ohio Valley Banc during the third quarter worth $412,000. 22.06% of the stock is 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.