Ohio Valley Banc (NASDAQ:OVBC) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the bank’s stock.

Ohio Valley Banc Stock Performance

Ohio Valley Banc stock opened at $24.63 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $115.98 million, a P/E ratio of 9.97 and a beta of 0.03. Ohio Valley Banc has a 1-year low of $19.35 and a 1-year high of $25.50. The company’s 50-day moving average is $23.93 and its 200 day moving average is $23.16.

Ohio Valley Banc (NASDAQ:OVBC) last issued its quarterly earnings results on Monday, October 28th. The bank reported $0.58 earnings per share for the quarter. Ohio Valley Banc had a return on equity of 8.06% and a net margin of 13.66%. The firm had revenue of $22.26 million for the quarter. During the same quarter in the previous year, the company posted $0.47 earnings per share.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Empowered Funds LLC bought a new position in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned 0.18% of Ohio Valley Banc as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 22.06% of the company’s stock.

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.