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

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

Ohio Valley Banc Stock Performance

Ohio Valley Banc stock opened at $25.00 on Monday. The company has a market cap of $117.75 million, a PE ratio of 10.12 and a beta of 0.03. The company has a fifty day moving average price of $23.98 and a two-hundred day moving average price of $23.21. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.95 and a quick ratio of 0.95. Ohio Valley Banc has a 12 month low of $19.35 and a 12 month high of $25.51.

Ohio Valley Banc (NASDAQ:OVBC) last announced its quarterly earnings results on Monday, October 28th. The bank reported $0.58 earnings per share (EPS) for the quarter. Ohio Valley Banc had a net margin of 13.66% and a return on equity of 8.06%. The company had revenue of $22.26 million during the quarter. During the same period last year, the firm posted $0.47 EPS.

Ohio Valley Banc Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, November 10th. Stockholders of record on Friday, October 25th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.52%. The ex-dividend date was Friday, October 25th. Ohio Valley Banc’s dividend payout ratio (DPR) is 35.63%.

Hedge Funds Weigh In On Ohio Valley Banc

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Fourthstone LLC acquired a new position in Ohio Valley Banc Corp. (NASDAQ:OVBC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 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. Institutional investors and hedge funds 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.