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 report published on Sunday morning. The firm issued a hold rating on the bank’s stock.

Ohio Valley Banc Stock Performance

Shares of NASDAQ:OVBC opened at $31.23 on Friday. The company has a market capitalization of $147.12 million, a price-to-earnings ratio of 13.46 and a beta of -0.09. Ohio Valley Banc has a 12 month low of $19.35 and a 12 month high of $32.27. The firm’s 50-day moving average is $24.91 and its 200 day moving average is $24.80. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32.

Ohio Valley Banc (NASDAQ:OVBC) last issued its quarterly 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 company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 24th were paid a dividend of $0.22 per share. The ex-dividend date was Friday, January 24th. This represents a $0.88 annualized dividend and a dividend yield of 2.82%. Ohio Valley Banc’s dividend payout ratio (DPR) is presently 37.93%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of OVBC. Fourthstone LLC raised its stake in shares of Ohio Valley Banc by 195.1% during the 4th quarter. Fourthstone LLC now owns 50,132 shares of the bank’s stock worth $1,214,000 after acquiring an additional 33,145 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Ohio Valley Banc during the 3rd quarter worth approximately $204,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of 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 in the last quarter. 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.