Ohio Valley Banc (NASDAQ:OVBC) Earns Hold Rating from Analysts at StockNews.com

Posted by Donald Scott on Jan 15th, 2025

Analysts at StockNews.com began coverage on shares of Ohio Valley Banc (NASDAQ:OVBC – Get Free Report) in a research note issued on Monday. The brokerage set a “hold” rating on the bank’s stock.

Ohio Valley Banc Trading Down 1.5 %

OVBC opened at $22.95 on Monday. The firm has a market capitalization of $108.12 million, a price-to-earnings ratio of 9.29 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 business has a 50 day simple moving average of $25.46 and a two-hundred day simple moving average of $24.09. 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 – Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The bank reported $0.58 EPS for the quarter. The company had revenue of $22.26 million during the quarter. Ohio Valley Banc had a return on equity of 7.97% and a net margin of 13.66%. During the same period in the previous year, the business earned $0.47 EPS.

Institutional Investors Weigh In On Ohio Valley Banc

An institutional investor recently bought a new position in Ohio Valley Banc stock. Fourthstone LLC acquired a new position in Ohio Valley Banc Corp. (NASDAQ:OVBC – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,987 shares of the bank’s stock, valued at approximately $412,000. Fourthstone LLC owned 0.36% of Ohio Valley Banc as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 22.06% of the company’s stock.

About Ohio Valley Banc

(Get Free Report)

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.