Ohio Valley Banc (NASDAQ:OVBC) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a report released on Sunday morning. The brokerage issued a hold rating on the bank’s stock.

Ohio Valley Banc Stock Up 1.2 %

Shares of NASDAQ OVBC opened at $24.55 on Friday. The company has a market cap of $115.63 million, a price-to-earnings ratio of 9.82 and a beta of 0.03. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.35. The firm’s fifty day moving average is $23.92 and its 200 day moving average is $23.16. Ohio Valley Banc has a 52 week low of $19.35 and a 52 week high of $25.50.

Ohio Valley Banc (NASDAQ:OVBC) last issued its quarterly earnings data on Monday, October 28th. The bank reported $0.58 EPS for the quarter. The firm had revenue of $22.26 million during the quarter. Ohio Valley Banc had a net margin of 13.66% and a return on equity of 8.06%. During the same period last year, the company posted $0.47 earnings per share.

Ohio Valley Banc Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, November 10th. Stockholders of record on Friday, October 25th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.88 annualized dividend and a dividend yield of 3.58%. Ohio Valley Banc’s dividend payout ratio (DPR) is presently 35.63%.

Institutional Trading of Ohio Valley Banc

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Empowered Funds LLC bought a new stake in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned approximately 0.18% of Ohio Valley Banc at the end of the most recent quarter. Institutional investors and hedge funds own 22.06% of the company’s stock.

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.