Ohio Valley Banc (NASDAQ:OVBC) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Ohio Valley Banc Corp. (NASDAQ:OVBC) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $25.47 and traded as high as $29.79. Ohio Valley Banc shares last traded at $28.16, with a volume of 5,912 shares.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Ohio Valley Banc in a research report on Tuesday, March 18th. They set a “hold” rating on the stock.

Ohio Valley Banc Stock Performance

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 stock has a fifty day simple moving average of $26.88 and a two-hundred day simple moving average of $25.47. The firm has a market capitalization of $132.66 million, a P/E ratio of 12.14 and a beta of -0.09.

Ohio Valley Banc (NASDAQ:OVBC) last announced its quarterly earnings data 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 24th were given a dividend of $0.22 per share. The ex-dividend date was Friday, January 24th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.13%. Ohio Valley Banc’s dividend payout ratio (DPR) is presently 37.93%.

Institutional Trading of Ohio Valley Banc

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC bought a new position in Ohio Valley Banc in the third quarter worth approximately $204,000. Fourthstone LLC bought a new position in shares of Ohio Valley Banc in the 3rd quarter worth $412,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Ohio Valley Banc by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank’s stock worth $2,205,000 after purchasing an additional 1,099 shares in the last 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.