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 report published on Monday morning. The brokerage issued a hold rating on the bank’s stock.

Ohio Valley Banc Trading Up 0.3 %

OVBC opened at $30.20 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average price of $25.69 and a two-hundred day moving average price of $25.10. The company has a market cap of $142.27 million, a P/E ratio of 13.02 and a beta of -0.09. Ohio Valley Banc has a 1-year low of $19.35 and a 1-year high of $32.81.

Ohio Valley Banc (NASDAQ:OVBC) last posted its earnings results on Tuesday, January 28th. The bank reported $0.53 EPS 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 declared a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 24th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend was Friday, January 24th. Ohio Valley Banc’s dividend payout ratio (DPR) is presently 37.93%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OVBC. Empowered Funds LLC purchased a new position in Ohio Valley Banc in the third quarter valued at about $204,000. Fourthstone LLC purchased a new position in Ohio Valley Banc in the third quarter valued at about $412,000. Finally, Dimensional Fund Advisors LP boosted its stake in Ohio Valley Banc by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank’s stock valued at $2,205,000 after acquiring an additional 1,099 shares during the last quarter. 22.06% of the stock is currently owned by hedge funds and other institutional investors.

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.