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

Posted by Tyrone Williams on Jan 6th, 2025

Research analysts at StockNews.com began coverage on shares of Ohio Valley Banc (NASDAQ:OVBC – Get Free Report) in a report issued on Sunday. The firm set a “hold” rating on the bank’s stock.

Ohio Valley Banc Stock Performance

Shares of NASDAQ:OVBC opened at $23.86 on Friday. The company’s 50 day simple moving average is $25.50 and its 200 day simple moving average is $23.94. 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 $28.00. The stock has a market capitalization of $112.40 million, a price-to-earnings ratio of 9.66 and a beta of 0.08.

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

Hedge Funds Weigh In On Ohio Valley Banc

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Fourthstone LLC purchased a new stake in Ohio Valley Banc Corp. (NASDAQ:OVBC – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 16,987 shares of the bank’s stock, valued at approximately $412,000. Fourthstone LLC owned about 0.36% of Ohio Valley Banc as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 22.06% of the company’s stock.

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.