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

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

Ohio Valley Banc Price Performance

Shares of OVBC opened at $24.23 on Friday. The firm has a fifty day moving average price of $25.46 and a 200 day moving average price of $23.87. The stock has a market cap of $114.15 million, a PE ratio of 9.81 and a beta of 0.06. Ohio Valley Banc has a 1-year low of $19.35 and a 1-year high of $28.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89.

Ohio Valley Banc (NASDAQ:OVBC) last announced its earnings results on Monday, October 28th. The bank reported $0.58 earnings per share (EPS) for the quarter. The firm had revenue of $22.26 million during the quarter. Ohio Valley Banc had a return on equity of 7.97% and a net margin of 13.66%. During the same period last year, the company earned $0.47 earnings per share.

Ohio Valley Banc Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, November 10th. Investors of record on Friday, October 25th were given a $0.22 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.88 annualized dividend and a yield of 3.63%. Ohio Valley Banc’s dividend payout ratio (DPR) is 35.63%.

Hedge Funds Weigh In On Ohio Valley Banc

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Empowered Funds LLC bought a new stake in Ohio Valley Banc Corp. (NASDAQ:OVBC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned about 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 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.