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

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

Ohio Valley Banc Stock Down 2.7 %

Shares of NASDAQ:OVBC opened at $27.00 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89. Ohio Valley Banc has a 1 year low of $19.35 and a 1 year high of $27.97. The company has a market cap of $127.17 million, a PE ratio of 10.93 and a beta of 0.03. The stock’s 50-day moving average is $24.39 and its 200 day moving average is $23.37.

Ohio Valley Banc (NASDAQ:OVBC) last announced its quarterly earnings results on Monday, October 28th. The bank reported $0.58 earnings per share (EPS) for the quarter. The company had revenue of $22.26 million for the quarter. Ohio Valley Banc had a net margin of 13.66% and a return on equity of 7.97%. During the same quarter in the prior year, the firm earned $0.47 EPS.

Institutional Investors Weigh In On Ohio Valley Banc

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Empowered Funds LLC acquired a new position in Ohio Valley Banc Corp. (NASDAQ:OVBC) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned about 0.18% of Ohio Valley Banc as of its most recent SEC filing. 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.