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

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

Ohio Valley Banc Price Performance

Ohio Valley Banc stock opened at $24.24 on Tuesday. The business’s 50-day simple moving average is $23.94 and its 200 day simple moving average is $23.16. The stock has a market cap of $114.17 million, a price-to-earnings ratio of 10.06 and a beta of 0.03. Ohio Valley Banc has a 12-month low of $19.35 and a 12-month high of $25.50. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.35.

Ohio Valley Banc (NASDAQ:OVBC) last issued its earnings results on Friday, July 26th. The bank reported $0.63 earnings per share (EPS) for the quarter. Ohio Valley Banc had a return on equity of 7.85% and a net margin of 13.72%. The firm had revenue of $14.66 million for the quarter.

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.