Ohio Valley Banc (NASDAQ:OVBC) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Ohio Valley Banc Corp. (NASDAQ:OVBC) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.24 and traded as high as $31.00. Ohio Valley Banc shares last traded at $30.64, with a volume of 12,247 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Ohio Valley Banc in a research report on Tuesday. They set a “hold” rating for the company.

Ohio Valley Banc Stock Up 1.0 %

The company’s 50-day simple moving average is $26.08 and its two-hundred day simple moving average is $25.24. 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 firm has a market cap of $144.35 million, a PE ratio of 13.21 and a beta of -0.09.

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

Ohio Valley Banc Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 24th were given a $0.22 dividend. The ex-dividend date was Friday, January 24th. This represents a $0.88 annualized dividend and a dividend yield of 2.87%. Ohio Valley Banc’s dividend payout ratio is 37.93%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of OVBC. Dimensional Fund Advisors LP raised its holdings 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 worth $2,205,000 after buying an additional 1,099 shares during the last quarter. Fourthstone LLC raised its holdings in Ohio Valley Banc by 195.1% in the fourth quarter. Fourthstone LLC now owns 50,132 shares of the bank’s stock worth $1,214,000 after buying an additional 33,145 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in Ohio Valley Banc in the third quarter worth about $204,000. 22.06% of the stock is owned by hedge funds and other institutional investors.

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.