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

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

Ohio Valley Banc Stock Performance

NASDAQ:OVBC opened at $23.40 on Thursday. The firm’s fifty day simple moving average is $24.61 and its 200-day simple moving average is $24.34. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32. The stock has a market cap of $110.24 million, a PE ratio of 10.09 and a beta of 0.06. Ohio Valley Banc has a fifty-two week low of $19.35 and a fifty-two week high of $28.00.

Ohio Valley Banc (NASDAQ:OVBC) last issued its earnings results on Tuesday, January 28th. The bank reported $0.53 earnings per share (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 Announces Dividend

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Empowered Funds LLC bought a new stake in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned approximately 0.18% of Ohio Valley Banc at the end of the most recent quarter. 22.06% of the stock is currently owned by hedge funds and other institutional investors.

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.