Ohio Valley Banc (NASDAQ:OVBC) Coverage Initiated by Analysts at StockNews.com

Posted by Geri Gentry on Nov 30th, 2024

StockNews.com began coverage on shares of Ohio Valley Banc (NASDAQ:OVBC – Free Report) in a research report report published on Tuesday morning. The firm issued a hold rating on the bank’s stock.

Ohio Valley Banc Stock Performance

Ohio Valley Banc stock opened at $27.18 on Tuesday. Ohio Valley Banc has a 12-month low of $19.35 and a 12-month high of $28.00. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32. The business’s 50-day moving average price is $24.58 and its two-hundred day moving average price is $23.48. The stock has a market cap of $128.02 million, a PE ratio of 11.00 and a beta of 0.03.

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. Ohio Valley Banc had a return on equity of 7.97% and a net margin of 13.66%. The firm had revenue of $22.26 million for the quarter. During the same period in the previous year, the business posted $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 dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Friday, October 25th. Ohio Valley Banc’s payout ratio is 35.63%.

Institutional Trading of Ohio Valley Banc

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Fourthstone LLC purchased a new stake in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 16,987 shares of the bank’s stock, valued at approximately $412,000. Fourthstone LLC owned approximately 0.36% of Ohio Valley Banc at the end of the most recent quarter. 22.06% of the stock is currently owned by institutional investors.

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.