Ohio Valley Banc (NASDAQ:OVBC) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Ohio Valley Banc Corp. (NASDAQ:OVBC)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.24 and traded as high as $31.00. Ohio Valley Banc shares last traded at $30.64, with a volume of 12,247 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Ohio Valley Banc in a report on Tuesday. They issued a “hold” rating for the company.

Ohio Valley Banc Price Performance

The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32. The firm’s fifty day moving average price is $26.08 and its two-hundred day moving average price is $25.24. The stock has a market capitalization of $144.35 million, a PE ratio of 13.21 and a beta of -0.09.

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

Ohio Valley Banc Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 24th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.88 annualized dividend and a yield of 2.87%. Ohio Valley Banc’s dividend payout ratio (DPR) is 37.93%.

Institutional Trading of Ohio Valley Banc

Several large investors have recently added to or reduced their stakes in OVBC. Empowered Funds LLC bought a new stake in Ohio Valley Banc during the third quarter valued at approximately $204,000. Fourthstone LLC bought a new stake in Ohio Valley Banc during the third quarter valued at approximately $412,000. Finally, Dimensional Fund Advisors LP grew its position in Ohio Valley Banc by 1.2% during 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. 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.