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

Stock analysts at StockNews.com assumed coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a note issued to investors on Saturday. The brokerage set a “hold” rating on the bank’s stock.

Ohio Valley Banc Trading Down 0.1 %

OVBC opened at $26.23 on Friday. The company has a market cap of $123.54 million, a P/E ratio of 11.31 and a beta of 0.06. Ohio Valley Banc has a 1-year low of $19.35 and a 1-year high of $28.00. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average is $24.27 and its 200-day moving average is $24.49.

Ohio Valley Banc (NASDAQ:OVBC) last issued its earnings results on Tuesday, January 28th. The bank reported $0.53 earnings per share for the quarter. Ohio Valley Banc had a return on equity of 7.44% and a net margin of 12.37%.

Institutional Investors Weigh In On Ohio Valley Banc

Institutional investors and hedge funds have recently modified their holdings of the company. Empowered Funds LLC bought a new stake in Ohio Valley Banc during the third quarter valued at $204,000. Fourthstone LLC purchased a new stake in shares of Ohio Valley Banc in the 3rd quarter valued at about $412,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Ohio Valley Banc by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank’s stock valued at $2,205,000 after acquiring an additional 1,099 shares during the last quarter. 22.06% of the stock is owned by hedge funds and other 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.