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

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

Ohio Valley Banc Stock Performance

OVBC opened at $25.02 on Monday. The business has a fifty day simple moving average of $24.01 and a 200-day simple moving average of $23.23. The firm has a market cap of $117.84 million, a PE ratio of 10.12 and a beta of 0.03. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.35. Ohio Valley Banc has a fifty-two week low of $19.35 and a fifty-two week high of $25.51.

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

Hedge Funds Weigh In On Ohio Valley Banc

An institutional investor recently bought a new position in Ohio Valley Banc stock. Fourthstone LLC bought a new stake in Ohio Valley Banc Corp. (NASDAQ:OVBC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,987 shares of the bank’s stock, valued at approximately $412,000. Fourthstone LLC owned approximately 0.36% of Ohio Valley Banc as of its most recent SEC filing. 22.06% of the stock is owned by 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.