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

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

Ohio Valley Banc Price Performance

OVBC stock opened at $26.80 on Wednesday. The stock has a market capitalization of $126.25 million, a P/E ratio of 10.85 and a beta of 0.06. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. Ohio Valley Banc has a 12 month low of $19.35 and a 12 month high of $28.00. The firm has a 50-day moving average price of $24.72 and a 200-day moving average price of $23.54.

Ohio Valley Banc (NASDAQ:OVBC) last posted its earnings results 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 7.97%. During the same period last year, the company posted $0.47 EPS.

Ohio Valley Banc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, November 10th. Stockholders of record on Friday, October 25th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend was Friday, October 25th. Ohio Valley Banc’s dividend payout ratio is currently 35.63%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Ohio Valley Banc stock. Fourthstone LLC acquired a new stake in Ohio Valley Banc Corp. (NASDAQ:OVBC) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 16,987 shares of the bank’s stock, valued at approximately $412,000. Fourthstone LLC owned about 0.36% of Ohio Valley Banc at the end of the most recent reporting period. 22.06% of the stock is owned by institutional investors and hedge funds.

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.