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

Stock analysts at StockNews.com started coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research report issued to clients and investors on Monday. The brokerage set a “hold” rating on the bank’s stock.

Ohio Valley Banc Stock Performance

Shares of OVBC stock opened at $23.30 on Monday. The stock has a market capitalization of $109.77 million, a price-to-earnings ratio of 9.43 and a beta of 0.08. Ohio Valley Banc has a one year low of $19.35 and a one year high of $28.00. The company’s 50-day simple moving average is $25.47 and its 200-day simple moving average is $24.05. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.89.

Ohio Valley Banc (NASDAQ:OVBC) last released its earnings results on Monday, October 28th. The bank reported $0.58 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 for the quarter. During the same period in the prior year, the business earned $0.47 EPS.

Hedge Funds Weigh In On Ohio Valley Banc

An institutional investor recently bought a new position in Ohio Valley Banc stock. Fourthstone LLC bought a new position in Ohio Valley Banc Corp. (NASDAQ:OVBC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 16,987 shares of the bank’s stock, valued at approximately $412,000. Fourthstone LLC owned 0.36% of Ohio Valley Banc at the end of the most recent reporting period. 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.