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

Research analysts at StockNews.com started coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research note issued on Thursday. The firm set a “hold” rating on the bank’s stock.

Ohio Valley Banc Trading Up 0.2 %

NASDAQ OVBC opened at $27.10 on Thursday. 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 1-year low of $19.35 and a 1-year high of $28.00. The firm’s fifty day simple moving average is $25.02 and its 200-day simple moving average is $23.67. The company has a market capitalization of $127.64 million, a PE ratio of 10.97 and a beta of 0.06.

Ohio Valley Banc (NASDAQ:OVBC) last issued its earnings results on Monday, October 28th. The bank reported $0.58 earnings per share for the quarter. The company had revenue of $22.26 million for the quarter. Ohio Valley Banc had a return on equity of 7.97% and a net margin of 13.66%. During the same period in the previous year, the company earned $0.47 earnings per share.

Institutional Investors Weigh In On Ohio Valley Banc

An institutional investor recently bought a new position in Ohio Valley Banc stock. Empowered Funds LLC bought a new stake in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned approximately 0.18% of Ohio Valley Banc at the end of the most recent reporting period. Institutional investors 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.