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

Equities research analysts at StockNews.com started coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a report released on Monday. The brokerage set a “hold” rating on the bank’s stock.

Ohio Valley Banc Stock Down 1.0 %

OVBC stock opened at $23.30 on Monday. Ohio Valley Banc has a one year low of $19.35 and a one year high of $28.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $109.77 million, a PE ratio of 9.43 and a beta of 0.08. The firm’s fifty day moving average is $25.47 and its 200 day moving average is $24.05.

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

Institutional Investors Weigh In On Ohio Valley Banc

An institutional investor recently bought a new position in Ohio Valley Banc stock. Empowered Funds LLC acquired a new position in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor 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. 22.06% of the stock is owned by institutional investors and hedge funds.

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.