Ohio Valley Banc (NASDAQ:OVBC) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research note published on Thursday morning. The brokerage issued a hold rating on the bank’s stock.

Ohio Valley Banc Stock Up 0.6 %

Shares of NASDAQ OVBC opened at $23.40 on Thursday. The firm has a market cap of $110.24 million, a P/E ratio of 10.09 and a beta of 0.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.89. Ohio Valley Banc has a 1 year low of $19.35 and a 1 year high of $28.00. The firm’s 50 day moving average price is $24.61 and its 200 day moving average price is $24.34.

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

Ohio Valley Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 24th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend is Friday, January 24th. Ohio Valley Banc’s dividend payout ratio is currently 37.93%.

Institutional Investors Weigh In On Ohio Valley Banc

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Empowered Funds LLC purchased a new position in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned 0.18% of Ohio Valley Banc as of its most recent SEC filing. 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.