Ohio Valley Banc (NASDAQ:OVBC) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Ohio Valley Banc Corp. (NASDAQ:OVBC)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $23.15 and traded as high as $24.10. Ohio Valley Banc shares last traded at $24.10, with a volume of 1,884 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Ohio Valley Banc in a report on Friday. They issued a “hold” rating on the stock.

Ohio Valley Banc Stock Performance

The firm has a market capitalization of $113.51 million, a PE ratio of 10.21 and a beta of 0.03. The business has a 50-day simple moving average of $23.95 and a 200-day simple moving average of $23.15. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.95 and a quick ratio of 0.95.

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

Ohio Valley Banc Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, November 10th. Stockholders of record on Friday, October 25th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend is Friday, October 25th. Ohio Valley Banc’s dividend payout ratio is currently 37.29%.

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.