StockNews.com Begins Coverage on Ohio Valley Banc (NASDAQ:OVBC)

StockNews.com assumed coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research report sent to investors on Saturday morning. The brokerage issued a hold rating on the bank’s stock.

Ohio Valley Banc Price Performance

OVBC opened at $26.23 on Friday. Ohio Valley Banc has a fifty-two week low of $19.35 and a fifty-two week high of $28.00. The firm has a 50-day moving average of $24.27 and a 200 day moving average of $24.48. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $123.54 million, a P/E ratio of 11.31 and a beta of 0.06.

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

Ohio Valley Banc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 24th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.88 annualized dividend and a dividend yield of 3.35%. Ohio Valley Banc’s payout ratio is presently 37.93%.

Institutional Investors Weigh In On Ohio Valley Banc

Several large investors have recently added to or reduced their stakes in OVBC. Dimensional Fund Advisors LP lifted its holdings in Ohio Valley Banc by 1.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank’s stock valued at $2,205,000 after purchasing an additional 1,099 shares during the last quarter. Fourthstone LLC raised its position in shares of Ohio Valley Banc by 195.1% in the fourth quarter. Fourthstone LLC now owns 50,132 shares of the bank’s stock valued at $1,214,000 after purchasing an additional 33,145 shares during the period. Finally, Empowered Funds LLC bought a new stake in shares of Ohio Valley Banc in the third quarter valued at approximately $204,000. Hedge funds and other institutional investors 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.