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

StockNews.com began 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 Performance

Shares of OVBC stock opened at $30.52 on Tuesday. The company has a market capitalization of $143.78 million, a price-to-earnings ratio of 13.16 and a beta of -0.09. 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 company has a 50-day simple moving average of $26.36 and a 200 day simple moving average of $25.32. Ohio Valley Banc has a 52 week low of $19.35 and a 52 week high of $32.81.

Ohio Valley Banc (NASDAQ:OVBC) last announced its earnings results on Tuesday, January 28th. The bank reported $0.53 EPS for the quarter. Ohio Valley Banc had a net margin of 12.37% and a return on equity of 7.44%.

Institutional Trading of Ohio Valley Banc

A number of institutional investors have recently bought and sold shares of OVBC. Fourthstone LLC boosted its holdings in Ohio Valley Banc by 195.1% in the 4th quarter. Fourthstone LLC now owns 50,132 shares of the bank’s stock valued at $1,214,000 after purchasing an additional 33,145 shares during the period. Empowered Funds LLC bought a new stake in Ohio Valley Banc in the 3rd quarter valued at about $204,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Ohio Valley Banc by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank’s stock valued at $2,205,000 after purchasing an additional 1,099 shares during the period. 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.