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 note issued to investors on Saturday. The firm set a “hold” rating on the bank’s stock.

Ohio Valley Banc Trading Down 5.4 %

Shares of Ohio Valley Banc stock opened at $24.18 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32. Ohio Valley Banc has a 12-month low of $19.35 and a 12-month high of $28.00. The company has a market capitalization of $113.91 million, a price-to-earnings ratio of 9.79 and a beta of 0.06. The firm’s 50-day moving average price is $25.45 and its two-hundred day moving average price is $23.84.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Ohio Valley Banc stock. Fourthstone LLC purchased a new stake in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 16,987 shares of the bank’s stock, valued at approximately $412,000. Fourthstone LLC owned about 0.36% of Ohio Valley Banc at the end of the most recent quarter. Institutional investors 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.