Ohio Valley Banc (NASDAQ:OVBC) Earns Hold Rating from Analysts at StockNews.com

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

Ohio Valley Banc Trading Up 1.0 %

Shares of Ohio Valley Banc stock opened at $30.64 on Tuesday. Ohio Valley Banc has a 1 year low of $19.35 and a 1 year high of $32.81. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89. The business has a 50 day moving average price of $26.08 and a 200 day moving average price of $25.24. The company has a market capitalization of $144.35 million, a P/E ratio of 13.21 and a beta of -0.09.

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

Institutional Trading of Ohio Valley Banc

A number of hedge funds 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 third quarter valued at $412,000. Finally, Dimensional Fund Advisors LP increased its stake in Ohio Valley Banc by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank’s stock valued at $2,205,000 after purchasing an additional 1,099 shares during the last 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.