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

StockNews.com started coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research note released on Saturday. The firm issued a hold rating on the bank’s stock.

Ohio Valley Banc Stock Up 0.7 %

Shares of NASDAQ:OVBC opened at $27.02 on Friday. The stock has a market cap of $127.29 million, a price-to-earnings ratio of 11.65 and a beta of 0.06. The company has a 50 day moving average of $24.27 and a 200-day moving average of $24.50. 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 one year low of $19.35 and a one year high of $28.00.

Ohio Valley Banc (NASDAQ:OVBC) 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%.

Ohio Valley Banc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 24th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.26%. The ex-dividend date was Friday, January 24th. Ohio Valley Banc’s dividend payout ratio (DPR) is presently 37.93%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Ohio Valley Banc by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank’s stock valued at $2,205,000 after buying an additional 1,099 shares during the period. Fourthstone LLC lifted its position in shares of Ohio Valley Banc by 195.1% in the fourth quarter. Fourthstone LLC now owns 50,132 shares of the bank’s stock worth $1,214,000 after purchasing an additional 33,145 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of Ohio Valley Banc in the third quarter worth $204,000. Institutional investors and hedge funds own 22.06% of the company’s stock.

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.