Ohio Valley Banc (NASDAQ:OVBC) Now Covered by StockNews.com

StockNews.com started coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research note released on Monday morning. The firm issued a hold rating on the bank’s stock.

Ohio Valley Banc Stock Down 1.6 %

Shares of NASDAQ:OVBC opened at $25.00 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.35. The company has a fifty day simple moving average of $23.98 and a 200 day simple moving average of $23.21. The firm has a market cap of $117.75 million, a PE ratio of 10.12 and a beta of 0.03. Ohio Valley Banc has a 12-month low of $19.35 and a 12-month high of $25.51.

Ohio Valley Banc (NASDAQ:OVBC) last issued its quarterly earnings results on Monday, October 28th. The bank reported $0.58 earnings per share (EPS) for the quarter. The business had revenue of $22.26 million during the quarter. Ohio Valley Banc had a net margin of 13.66% and a return on equity of 8.06%. During the same quarter last year, the firm posted $0.47 EPS.

Ohio Valley Banc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, November 10th. Investors of record on Friday, October 25th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.52%. Ohio Valley Banc’s dividend payout ratio (DPR) is presently 35.63%.

Institutional Trading of Ohio Valley Banc

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Fourthstone LLC acquired a new position in Ohio Valley Banc Corp. (NASDAQ:OVBC) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 16,987 shares of the bank’s stock, valued at approximately $412,000. Fourthstone LLC owned 0.36% of Ohio Valley Banc at the end of the most recent reporting period. 22.06% of the stock is currently owned by institutional investors.

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.