Ohio Valley Banc (NASDAQ:OVBC) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Ohio Valley Banc Corp. (NASDAQ:OVBC)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $24.46 and traded as high as $27.04. Ohio Valley Banc shares last traded at $26.23, with a volume of 12,667 shares traded.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Ohio Valley Banc in a research report on Saturday. They set a “hold” rating for the company.

Ohio Valley Banc Stock Performance

The firm has a 50-day moving average price of $24.27 and a 200 day moving average price of $24.48. The firm has a market capitalization of $123.54 million, a PE ratio of 11.31 and a beta of 0.06. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32.

Ohio Valley Banc (NASDAQ:OVBC) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $0.53 EPS for the quarter. Ohio Valley Banc had a return on equity of 7.44% and a net margin of 12.37%.

Ohio Valley Banc Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 24th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend was Friday, January 24th. Ohio Valley Banc’s payout ratio is currently 37.93%.

Institutional Trading of Ohio Valley Banc

Several hedge funds have recently modified their holdings of OVBC. Empowered Funds LLC acquired a new stake in shares of Ohio Valley Banc in the third quarter valued at $204,000. Fourthstone LLC acquired a new stake in shares of Ohio Valley Banc in the third quarter valued at $412,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Ohio Valley Banc by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank’s stock valued at $2,205,000 after acquiring an additional 1,099 shares in the last quarter. 22.06% of the stock is currently owned by institutional investors and hedge funds.

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.