Ohio Valley Banc Corp. (NASDAQ:OVBC) Short Interest Down 20.0% in November

Ohio Valley Banc Corp. (NASDAQ:OVBC) was the recipient of a significant drop in short interest in November. As of November 15th, there was short interest totalling 9,600 shares, a drop of 20.0% from the October 31st total of 12,000 shares. Based on an average trading volume of 4,400 shares, the days-to-cover ratio is presently 2.2 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Ohio Valley Banc stock. Fourthstone LLC bought a new stake in Ohio Valley Banc Corp. (NASDAQ:OVBC) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 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 SEC filing. 22.06% of the stock is currently owned by hedge funds and other institutional investors.

Ohio Valley Banc Stock Up 0.7 %

NASDAQ:OVBC traded up $0.18 during trading hours on Friday, hitting $27.18. The company’s stock had a trading volume of 412 shares, compared to its average volume of 3,424. Ohio Valley Banc has a 52-week low of $19.35 and a 52-week high of $28.00. 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 stock has a market capitalization of $128.02 million, a P/E ratio of 11.00 and a beta of 0.03. The stock has a fifty day moving average of $24.58 and a 200-day moving average of $23.48.

Ohio Valley Banc (NASDAQ:OVBC) last released its quarterly earnings data on Monday, October 28th. The bank reported $0.58 EPS for the quarter. The business had revenue of $22.26 million for the quarter. Ohio Valley Banc had a return on equity of 7.97% and a net margin of 13.66%. During the same quarter in the previous year, the company posted $0.47 EPS.

Ohio Valley Banc Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, November 10th. Stockholders of record on Friday, October 25th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.88 annualized dividend and a dividend yield of 3.24%. Ohio Valley Banc’s dividend payout ratio is presently 35.63%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Ohio Valley Banc in a research note on Tuesday. They issued a “hold” rating for the company.

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.