Ohio Valley Banc (NASDAQ:OVBC) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Ohio Valley Banc (NASDAQ:OVBCGet Rating) in a report issued on Tuesday. The firm set a “hold” rating on the bank’s stock.

OVBC opened at $30.19 on Tuesday. The company’s 50 day simple moving average is $30.44. The company has a market capitalization of $144.04 million, a PE ratio of 12.32 and a beta of 0.26. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 0.91. Ohio Valley Banc has a twelve month low of $22.33 and a twelve month high of $32.29.

Ohio Valley Banc (NASDAQ:OVBCGet Rating) last released its quarterly earnings results on Thursday, January 27th. The bank reported $0.48 earnings per share for the quarter. The company had revenue of $11.80 million for the quarter. Ohio Valley Banc had a return on equity of 8.39% and a net margin of 21.50%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in Ohio Valley Banc by 2.5% during the fourth quarter. BlackRock Inc. now owns 18,961 shares of the bank’s stock worth $562,000 after purchasing an additional 461 shares in the last quarter. Royal Bank of Canada raised its holdings in Ohio Valley Banc by 40.1% during the second quarter. Royal Bank of Canada now owns 3,016 shares of the bank’s stock worth $74,000 after purchasing an additional 863 shares in the last quarter. Geode Capital Management LLC raised its holdings in Ohio Valley Banc by 3.8% during the third quarter. Geode Capital Management LLC now owns 25,721 shares of the bank’s stock worth $701,000 after purchasing an additional 941 shares in the last quarter. Marshall Wace LLP bought a new stake in Ohio Valley Banc during the first quarter worth approximately $54,000. Finally, Dimensional Fund Advisors LP raised its holdings in Ohio Valley Banc by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 77,060 shares of the bank’s stock worth $2,239,000 after purchasing an additional 1,565 shares in the last quarter. 13.61% of the stock is currently owned by institutional investors.

About Ohio Valley Banc (Get Rating)

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.

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