Ohio Valley Banc (NASDAQ:OVBC) Research Coverage Started at StockNews.com

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

Ohio Valley Banc Price Performance

Shares of OVBC stock opened at $23.85 on Wednesday. The firm’s 50 day moving average price is $24.93 and its two-hundred day moving average price is $24.27. 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 has a 52-week low of $19.35 and a 52-week high of $28.00. The stock has a market cap of $112.33 million, a PE ratio of 10.28 and a beta of 0.08.

Ohio Valley Banc (NASDAQ:OVBC) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $0.53 earnings per share (EPS) for the quarter. Ohio Valley Banc had a return on equity of 7.44% and a net margin of 12.37%.

Ohio Valley Banc Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 24th will be given a $0.22 dividend. The ex-dividend date is Friday, January 24th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.69%. Ohio Valley Banc’s dividend payout ratio is 37.93%.

Institutional Investors Weigh In On Ohio Valley Banc

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Empowered Funds LLC purchased a new stake in Ohio Valley Banc Corp. (NASDAQ:OVBC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned 0.18% of Ohio Valley Banc as of its most recent SEC filing. Institutional investors own 22.06% of the company’s stock.

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.