Short Interest in Ohio Valley Banc Corp. (NASDAQ:OVBC) Declines By 20.0%

Ohio Valley Banc Corp. (NASDAQ:OVBC) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 9,600 shares, a drop of 20.0% from the October 31st total of 12,000 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 4,400 shares, the days-to-cover ratio is currently 2.2 days.

Ohio Valley Banc Trading Up 0.7 %

NASDAQ:OVBC opened at $27.18 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. Ohio Valley Banc has a 1-year low of $19.35 and a 1-year high of $28.00. The firm has a market capitalization of $128.02 million, a price-to-earnings ratio of 11.00 and a beta of 0.03. The business’s 50-day moving average price is $24.58 and its two-hundred day moving average price is $23.47.

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

Ohio Valley Banc Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, November 10th. Investors of record on Friday, October 25th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Friday, October 25th. Ohio Valley Banc’s dividend payout ratio is currently 35.63%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Ohio Valley Banc in a research report on Tuesday, November 26th. They set a “hold” rating for the company.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Empowered Funds LLC acquired a new stake in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned approximately 0.18% of Ohio Valley Banc at the end of the most recent reporting period. Institutional investors and hedge funds 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.