StockNews.com Begins Coverage on Ohio Valley Banc (NASDAQ:OVBC)

Posted by Steve Reilly on Jan 30th, 2025

StockNews.com assumed coverage on shares of Ohio Valley Banc (NASDAQ:OVBC – Free Report) in a research note released on Wednesday. The firm issued a hold rating on the bank’s stock.

Ohio Valley Banc Stock Up 2.8 %

Shares of Ohio Valley Banc stock opened at $23.50 on Wednesday. The company’s 50 day moving average price is $25.08 and its 200-day moving average price is $24.28. Ohio Valley Banc has a 52-week low of $19.35 and a 52-week high of $28.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $110.69 million, a price-to-earnings ratio of 9.51 and a beta of 0.08.

Ohio Valley Banc (NASDAQ:OVBC – Get Free Report) last announced its quarterly 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 13.66% and a return on equity of 7.97%.

Ohio Valley Banc Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 24th will be paid a dividend of $0.22 per share. The ex-dividend date is Friday, January 24th. This represents a $0.88 annualized dividend and a dividend yield of 3.74%. Ohio Valley Banc’s dividend payout ratio (DPR) is presently 35.63%.

Institutional Trading of Ohio Valley Banc

An institutional investor recently bought a new position in Ohio Valley Banc stock. Fourthstone LLC bought a new position in Ohio Valley Banc Corp. (NASDAQ:OVBC – Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 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 quarter. Institutional investors and hedge funds own 22.06% of the company’s stock.

About Ohio Valley Banc

(Get Free Report)

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.