Ohio Valley Banc Corp. (NASDAQ:OVBC) Short Interest Up 25.8% in March

Ohio Valley Banc Corp. (NASDAQ:OVBC) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 12,200 shares, a growth of 25.8% from the February 28th total of 9,700 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 10,700 shares, the days-to-cover ratio is presently 1.1 days.

Hedge Funds Weigh In On Ohio Valley Banc

An institutional investor recently raised its position in Ohio Valley Banc stock. Fourthstone LLC grew its position in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) by 195.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,132 shares of the bank’s stock after purchasing an additional 33,145 shares during the period. Fourthstone LLC owned about 1.06% of Ohio Valley Banc worth $1,214,000 at the end of the most recent reporting period. 22.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Ohio Valley Banc in a report on Tuesday, March 18th. They set a “hold” rating on the stock.

Ohio Valley Banc Trading Up 3.7 %

Shares of OVBC stock opened at $28.51 on Thursday. The company has a market capitalization of $134.31 million, a PE ratio of 12.29 and a beta of -0.09. Ohio Valley Banc has a 52-week low of $19.35 and a 52-week high of $32.81. The business’s fifty day moving average is $27.39 and its 200 day moving average is $25.63. 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 (NASDAQ:OVBC) last announced its earnings results on Tuesday, January 28th. The bank reported $0.53 earnings per share 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 announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 24th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend was Friday, January 24th. Ohio Valley Banc’s dividend payout ratio is currently 37.93%.

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.