Geode Capital Management LLC Decreases Holdings in Ohio Valley Banc Corp. (NASDAQ:OVBC)

Geode Capital Management LLC cut its stake in Ohio Valley Banc Corp. (NASDAQ:OVBC) by 2.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,248 shares of the bank’s stock after selling 842 shares during the quarter. Geode Capital Management LLC’s holdings in Ohio Valley Banc were worth $927,000 at the end of the most recent reporting period.

Separately, Empowered Funds LLC acquired a new position in shares of Ohio Valley Banc during the third quarter valued at approximately $204,000. Institutional investors and hedge funds own 22.06% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Ohio Valley Banc in a research report on Sunday, January 5th. They set a “hold” rating for the company.

Ohio Valley Banc Stock Performance

NASDAQ:OVBC opened at $23.30 on Friday. Ohio Valley Banc Corp. has a twelve month low of $19.35 and a twelve month high of $28.00. The company has a market cap of $109.77 million, a P/E ratio of 9.43 and a beta of 0.08. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $25.47 and its 200-day moving average price is $23.99.

Ohio Valley Banc (NASDAQ:OVBC) last issued its earnings results on Monday, October 28th. The bank reported $0.58 earnings per share (EPS) for the quarter. Ohio Valley Banc had a return on equity of 7.97% and a net margin of 13.66%. The company had revenue of $22.26 million during the quarter. During the same quarter in the previous year, the company earned $0.47 earnings per share.

Ohio Valley Banc Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, November 10th. Stockholders of record on Friday, October 25th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.88 annualized dividend and a dividend yield of 3.78%. Ohio Valley Banc’s dividend payout ratio (DPR) is 35.63%.

Ohio Valley Banc 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.