Ohio Valley Banc (NASDAQ:OVBC) Stock Passes Above 200-Day Moving Average – Should You Sell?

Shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $25.24 and traded as high as $31.00. Ohio Valley Banc shares last traded at $30.64, with a volume of 12,247 shares.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Ohio Valley Banc in a report on Tuesday. They issued a “hold” rating for the company.

Ohio Valley Banc Trading Down 0.6 %

The firm has a market cap of $143.78 million, a P/E ratio of 13.16 and a beta of -0.09. The company’s 50 day moving average is $26.22 and its two-hundred day moving average is $25.28. 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 quarterly earnings data 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 24th were paid a dividend of $0.22 per share. The ex-dividend date was Friday, January 24th. This represents a $0.88 dividend on an annualized basis and a yield of 2.88%. Ohio Valley Banc’s dividend payout ratio is currently 37.93%.

Hedge Funds Weigh In On Ohio Valley Banc

A number of hedge funds have recently made changes to their positions in OVBC. Fourthstone LLC boosted its position in shares of Ohio Valley Banc by 195.1% during the 4th quarter. Fourthstone LLC now owns 50,132 shares of the bank’s stock valued at $1,214,000 after acquiring an additional 33,145 shares in the last quarter. Empowered Funds LLC bought a new position in Ohio Valley Banc during the third quarter worth about $204,000. Finally, Dimensional Fund Advisors LP lifted its stake in Ohio Valley Banc by 1.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank’s stock worth $2,205,000 after purchasing an additional 1,099 shares during the period. Institutional investors and hedge funds own 22.06% of the company’s 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.