Ohio Valley Banc (NASDAQ:OVBC) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Ohio Valley Banc Corp. (NASDAQ:OVBC) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $25.47 and traded as high as $29.79. Ohio Valley Banc shares last traded at $28.16, with a volume of 5,912 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Ohio Valley Banc in a research report on Tuesday, March 18th. They issued a “hold” rating for the company.

Ohio Valley Banc Stock Up 2.8 %

The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32. The business has a 50-day simple moving average of $26.98 and a 200-day simple moving average of $25.49. The stock has a market cap of $132.76 million, a P/E ratio of 12.15 and a beta of -0.09.

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

Ohio Valley Banc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 24th were given a dividend of $0.22 per share. The ex-dividend date was Friday, January 24th. This represents a $0.88 annualized dividend and a dividend yield of 3.12%. Ohio Valley Banc’s dividend payout ratio is presently 37.93%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OVBC. Dimensional Fund Advisors LP grew 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 worth $2,205,000 after acquiring an additional 1,099 shares during the last quarter. Fourthstone LLC raised its stake in 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 purchasing an additional 33,145 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in Ohio Valley Banc in the 3rd quarter valued at $204,000. 22.06% of the stock is owned by institutional investors.

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.