Ohio Valley Banc (NASDAQ:OVBC) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.46 and traded as high as $27.04. Ohio Valley Banc shares last traded at $26.23, with a volume of 12,667 shares traded.

Analyst Upgrades and Downgrades

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

Ohio Valley Banc Stock Down 0.1 %

The firm’s 50-day moving average is $24.29 and its two-hundred day moving average is $24.46. 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 stock 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 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 firm also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 24th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date was Friday, January 24th. Ohio Valley Banc’s dividend payout ratio is presently 37.93%.

Institutional Trading of Ohio Valley Banc

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in Ohio Valley Banc by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank’s stock worth $2,205,000 after acquiring an additional 1,099 shares during the period. Fourthstone LLC grew its holdings in shares of Ohio Valley Banc by 195.1% in the 4th quarter. Fourthstone LLC now owns 50,132 shares of the bank’s stock valued at $1,214,000 after buying an additional 33,145 shares during the period. Finally, Empowered Funds LLC acquired a new position in shares of Ohio Valley Banc in the 3rd quarter valued at $204,000. Institutional investors and hedge funds 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.