Ohio Valley Banc (NASDAQ:OVBC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a note issued to investors on Tuesday. The firm set a “hold” rating on the bank’s stock.

Ohio Valley Banc Trading Down 1.3 %

NASDAQ:OVBC opened at $27.00 on Tuesday. The company has a 50-day moving average price of $24.49 and a 200-day moving average price of $23.42. The stock has a market cap of $127.20 million, a price-to-earnings ratio of 10.93 and a beta of 0.03. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. Ohio Valley Banc has a 12 month low of $19.35 and a 12 month high of $28.00.

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

Hedge Funds Weigh In On Ohio Valley Banc

An institutional investor recently bought a new position in Ohio Valley Banc stock. Empowered Funds LLC purchased a new position in Ohio Valley Banc Corp. (NASDAQ:OVBC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned 0.18% of Ohio Valley Banc at the end of the most recent quarter. 22.06% of the stock is currently owned by institutional investors.

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.