Ohio Valley Banc (NASDAQ:OVBC) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a report issued on Sunday morning. The firm issued a hold rating on the bank’s stock.

Ohio Valley Banc Stock Performance

OVBC opened at $23.73 on Friday. The stock has a market cap of $111.79 million, a P/E ratio of 9.61 and a beta of 0.08. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89. Ohio Valley Banc has a 1-year low of $19.35 and a 1-year high of $28.00. The stock’s 50 day simple moving average is $25.50 and its 200 day simple moving average is $23.96.

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

Ohio Valley Banc Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, November 10th. Stockholders of record on Friday, October 25th were paid 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 3.71%. Ohio Valley Banc’s dividend payout ratio is presently 35.63%.

Hedge Funds Weigh In On Ohio Valley Banc

An institutional investor recently bought a new position in Ohio Valley Banc stock. Empowered Funds LLC bought a new position in Ohio Valley Banc Corp. (NASDAQ:OVBC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned 0.18% of Ohio Valley Banc at the end of the most recent reporting period. Hedge funds and other institutional investors own 22.06% of the company’s stock.

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.