StockNews.com Initiates Coverage on Ohio Valley Banc (NASDAQ:OVBC)

Investment analysts at StockNews.com started coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a report released on Monday. The firm set a “hold” rating on the bank’s stock.

Ohio Valley Banc Price Performance

OVBC stock opened at $25.40 on Monday. Ohio Valley Banc has a 1 year low of $19.35 and a 1 year high of $25.51. The company has a market cap of $119.63 million, a P/E ratio of 10.28 and a beta of 0.03. The firm has a 50-day moving average of $23.98 and a 200 day moving average of $23.21. 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 Monday, October 28th. The bank reported $0.58 earnings per share (EPS) for the quarter. Ohio Valley Banc had a net margin of 13.66% and a return on equity of 8.06%. The company had revenue of $22.26 million during the quarter. During the same period in the previous year, the company earned $0.47 earnings per share.

Hedge Funds Weigh In On Ohio Valley Banc

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Empowered Funds LLC purchased a new stake in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned about 0.18% of Ohio Valley Banc as of its most recent SEC filing. 22.06% of the stock is currently owned by 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.