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

StockNews.com began coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research report sent to investors on Tuesday. The brokerage issued a hold rating on the bank’s stock.

Ohio Valley Banc Trading Up 0.2 %

OVBC opened at $30.70 on Tuesday. Ohio Valley Banc has a 12 month low of $19.35 and a 12 month high of $32.81. The stock has a market capitalization of $144.63 million, a price-to-earnings ratio of 13.23 and a beta of -0.09. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89. The business has a fifty day moving average price of $26.22 and a 200 day moving average price of $25.28.

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

Ohio Valley Banc Dividend Announcement

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

Institutional Trading of Ohio Valley Banc

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in Ohio Valley Banc by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank’s stock worth $2,205,000 after buying an additional 1,099 shares during the last quarter. Empowered Funds LLC purchased a new stake in Ohio Valley Banc during the 3rd quarter worth about $204,000. Finally, Fourthstone LLC purchased a new stake in Ohio Valley Banc during the 3rd quarter worth about $412,000. 22.06% of the stock is owned by hedge funds and other institutional investors.

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.