Ohio Valley Banc (NASDAQ:OVBC) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a report issued on Thursday morning. The firm issued a hold rating on the bank’s stock.

Ohio Valley Banc Stock Down 0.8 %

OVBC stock opened at $19.75 on Thursday. The company has a market cap of $94.60 million, a price-to-earnings ratio of 8.20 and a beta of 0.09. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.95 and a current ratio of 0.95. The business’s 50-day moving average is $22.80 and its two-hundred day moving average is $23.49. Ohio Valley Banc has a fifty-two week low of $19.35 and a fifty-two week high of $25.95.

Ohio Valley Banc (NASDAQ:OVBC) last posted its quarterly earnings data on Thursday, April 25th. The bank reported $0.58 earnings per share (EPS) for the quarter. The company had revenue of $14.89 million for the quarter. Ohio Valley Banc had a net margin of 14.70% and a return on equity of 8.16%.

Ohio Valley Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 26th were paid a $0.22 dividend. The ex-dividend date was Thursday, April 25th. This represents a $0.88 annualized dividend and a dividend yield of 4.46%. Ohio Valley Banc’s dividend payout ratio (DPR) is 36.51%.

Hedge Funds Weigh In On Ohio Valley Banc

A hedge fund recently raised its stake in Ohio Valley Banc stock. Abundance Wealth Counselors lifted its stake in Ohio Valley Banc Corp. (NASDAQ:OVBC) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,909 shares of the bank’s stock after buying an additional 800 shares during the quarter. Ohio Valley Banc comprises 0.6% of Abundance Wealth Counselors’ portfolio, making the stock its 29th biggest holding. Abundance Wealth Counselors owned 1.99% of Ohio Valley Banc worth $2,183,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other 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.