Ohio Valley Banc (NASDAQ:OVBC) Now Covered by Analysts at StockNews.com

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

Ohio Valley Banc Price Performance

Shares of NASDAQ:OVBC opened at $24.80 on Friday. The company has a market capitalization of $116.83 million, a P/E ratio of 10.04 and a beta of 0.06. Ohio Valley Banc has a 1-year low of $19.35 and a 1-year high of $28.00. The firm’s 50 day simple moving average is $25.26 and its two-hundred day simple moving average is $23.74. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89.

Ohio Valley Banc (NASDAQ:OVBC) last announced 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 for the quarter. Ohio Valley Banc had a net margin of 13.66% and a return on equity of 7.97%. During the same quarter in the previous year, the business earned $0.47 earnings per share.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Ohio Valley Banc stock. Empowered Funds LLC acquired a new stake in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned about 0.18% 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.

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.