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

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

Ohio Valley Banc Stock Performance

OVBC opened at $30.30 on Friday. The firm has a market capitalization of $144.53 million, a P/E ratio of 12.63 and a beta of 0.21. The stock’s 50 day moving average price is $29.81 and its two-hundred day moving average price is $30.13. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.20. Ohio Valley Banc has a 12-month low of $26.29 and a 12-month high of $32.49.

Ohio Valley Banc (NASDAQ:OVBCGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The bank reported $0.42 earnings per share for the quarter. Ohio Valley Banc had a return on equity of 8.32% and a net margin of 20.98%. The company had revenue of $13.19 million for the quarter.

Institutional Trading of Ohio Valley Banc

Institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in shares of Ohio Valley Banc during the 1st quarter worth approximately $201,000. State Street Corp lifted its position in shares of Ohio Valley Banc by 12.4% during the 1st quarter. State Street Corp now owns 11,129 shares of the bank’s stock worth $336,000 after buying an additional 1,224 shares during the period. Abundance Wealth Counselors bought a new position in shares of Ohio Valley Banc during the 1st quarter worth approximately $1,855,000. Dimensional Fund Advisors LP lifted its position in shares of Ohio Valley Banc by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 77,060 shares of the bank’s stock worth $2,239,000 after buying an additional 1,565 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Ohio Valley Banc by 7.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 122,161 shares of the bank’s stock worth $3,689,000 after buying an additional 8,218 shares during the period. Institutional investors and hedge funds own 14.52% of the company’s stock.

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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