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

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

Ohio Valley Banc Price Performance

OVBC stock opened at $27.84 on Monday. The stock has a 50-day moving average price of $24.13 and a two-hundred day moving average price of $23.27. Ohio Valley Banc has a 1 year low of $19.35 and a 1 year high of $27.97. The stock has a market cap of $131.13 million, a PE ratio of 11.18 and a beta of 0.03. The company has a current ratio of 0.89, a quick ratio of 0.95 and a debt-to-equity ratio of 0.32.

Ohio Valley Banc (NASDAQ:OVBC) last released its earnings results 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 last year, the business posted $0.47 EPS.

Ohio Valley Banc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, November 10th. Investors of record on Friday, October 25th were given 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 yield of 3.16%. Ohio Valley Banc’s dividend payout ratio (DPR) is presently 35.63%.

Institutional Investors Weigh In On Ohio Valley Banc

An institutional investor recently bought a new position in Ohio Valley Banc stock. Empowered Funds LLC purchased a new position in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 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.