Ohio Valley Banc (NASDAQ:OVBC) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Ohio Valley Banc (NASDAQ:OVBCGet Free Report) in a research note issued to investors on Monday. The firm set a “hold” rating on the bank’s stock.

Ohio Valley Banc Stock Performance

Shares of OVBC stock opened at $31.70 on Monday. The firm has a market cap of $149.34 million, a price-to-earnings ratio of 13.66 and a beta of -0.09. The company’s 50 day moving average is $25.32 and its 200 day moving average is $24.98. 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 52-week low of $19.35 and a 52-week high of $32.81.

Ohio Valley Banc (NASDAQ:OVBCGet Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $0.53 earnings per share (EPS) for the quarter. Ohio Valley Banc had a net margin of 12.37% and a return on equity of 7.44%.

Hedge Funds Weigh In On Ohio Valley Banc

Several institutional investors have recently bought and sold shares of OVBC. Empowered Funds LLC purchased a new position in Ohio Valley Banc in the third quarter worth $204,000. Fourthstone LLC purchased a new position in Ohio Valley Banc in the third quarter worth $412,000. Finally, Dimensional Fund Advisors LP grew its holdings in Ohio Valley Banc by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank’s stock worth $2,205,000 after purchasing an additional 1,099 shares during the last quarter. 22.06% of the stock is owned by hedge funds and other institutional investors.

Ohio Valley Banc Company Profile

(Get Free Report)

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.

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