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

Equities research analysts at StockNews.com began coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research note issued on Wednesday. The brokerage set a “hold” rating on the bank’s stock.

Ohio Valley Banc Stock Down 0.4 %

Ohio Valley Banc stock opened at $23.41 on Wednesday. Ohio Valley Banc has a twelve month low of $21.67 and a twelve month high of $25.95. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average of $24.17 and a 200-day moving average of $23.80. The stock has a market capitalization of $112.13 million, a PE ratio of 8.83 and a beta of 0.11.

Ohio Valley Banc (NASDAQ:OVBC) last released its earnings results on Thursday, January 25th. The bank reported $0.68 earnings per share (EPS) for the quarter. The firm had revenue of $14.90 million during the quarter. Ohio Valley Banc had a return on equity of 9.08% and a net margin of 16.96%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Ohio Valley Banc stock. Abundance Wealth Counselors increased its stake in Ohio Valley Banc Corp. (NASDAQ:OVBC) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 94,909 shares of the bank’s stock after buying an additional 800 shares during the quarter. Ohio Valley Banc makes up 0.6% of Abundance Wealth Counselors’ holdings, making the stock its 29th biggest position. Abundance Wealth Counselors owned about 1.99% of Ohio Valley Banc worth $2,183,000 as of its most recent filing with the Securities and Exchange Commission. 22.06% of the stock is owned by hedge funds and other 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.