Ohio Valley Banc Corp. (NASDAQ:OVBC) Short Interest Update

Ohio Valley Banc Corp. (NASDAQ:OVBC) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 12,000 shares, a growth of 20.0% from the October 15th total of 10,000 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 4,400 shares, the days-to-cover ratio is currently 2.7 days.

Ohio Valley Banc Trading Down 0.2 %

NASDAQ:OVBC traded down $0.06 during midday trading on Friday, hitting $25.40. The stock had a trading volume of 945 shares, compared to its average volume of 3,858. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average of $23.98 and a 200 day moving average of $23.21. The company has a market capitalization of $119.63 million, a price-to-earnings ratio of 10.28 and a beta of 0.03. Ohio Valley Banc has a one year low of $19.35 and a one year high of $25.51.

Ohio Valley Banc (NASDAQ:OVBC) last posted 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 return on equity of 8.06% and a net margin of 13.66%. The business had revenue of $22.26 million for the quarter. During the same period in the previous year, the company posted $0.47 EPS.

Ohio Valley Banc Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, November 10th. Stockholders of record on Friday, October 25th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.88 annualized dividend and a dividend yield of 3.46%. Ohio Valley Banc’s dividend payout ratio is currently 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 acquired a new position in Ohio Valley Banc Corp. (NASDAQ:OVBC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned approximately 0.18% of Ohio Valley Banc as of its most recent SEC filing. Hedge funds and other institutional investors own 22.06% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Ohio Valley Banc in a research note on Sunday, November 10th. They issued a “hold” rating on the stock.

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.