Ohio Valley Banc (NASDAQ:OVBC) Earns Hold Rating from Analysts at StockNews.com

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

Ohio Valley Banc Stock Performance

NASDAQ OVBC opened at $23.18 on Tuesday. Ohio Valley Banc has a 52-week low of $19.35 and a 52-week high of $28.00. The firm has a market capitalization of $109.18 million, a price-to-earnings ratio of 9.38 and a beta of 0.08. The company’s fifty day moving average is $25.28 and its two-hundred day moving average is $24.20. 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 released its quarterly earnings results on Monday, October 28th. The bank reported $0.58 earnings per share 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 in the prior year, the business earned $0.47 earnings per share.

Ohio Valley Banc Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 24th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Friday, January 24th. Ohio Valley Banc’s payout ratio is 35.63%.

Institutional Investors Weigh In On Ohio Valley Banc

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Fourthstone LLC bought a new position in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,987 shares of the bank’s stock, valued at approximately $412,000. Fourthstone LLC owned approximately 0.36% of Ohio Valley Banc as of its most recent SEC filing. Institutional investors own 22.06% of the company’s stock.

About Ohio Valley Banc

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.