Ohio Valley Banc (NASDAQ:OVBC) Stock Passes Above 200-Day Moving Average of $23.83

Ohio Valley Banc Corp. (NASDAQ:OVBC) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $23.83 and traded as high as $24.17. Ohio Valley Banc shares last traded at $23.70, with a volume of 3,165 shares.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Ohio Valley Banc in a report on Tuesday. They issued a “hold” rating on the stock.

Ohio Valley Banc Stock Down 1.8 %

The company’s fifty day simple moving average is $24.35 and its 200-day simple moving average is $23.83. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $113.62 million, a PE ratio of 8.94 and a beta of 0.11.

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

Institutional Investors Weigh In On Ohio Valley Banc

A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE acquired a new position in shares of Ohio Valley Banc in the first quarter worth about $38,000. Bank of New York Mellon Corp acquired a new position in shares of Ohio Valley Banc in the first quarter worth about $201,000. State Street Corp raised its position in shares of Ohio Valley Banc by 12.4% in the first quarter. State Street Corp now owns 11,129 shares of the bank’s stock worth $336,000 after acquiring an additional 1,224 shares during the period. Northern Trust Corp raised its position in shares of Ohio Valley Banc by 8.0% in the second quarter. Northern Trust Corp now owns 11,872 shares of the bank’s stock worth $288,000 after acquiring an additional 877 shares during the period. Finally, CI Private Wealth LLC acquired a new position in shares of Ohio Valley Banc in the fourth quarter worth about $816,000. 22.06% of the stock is owned by hedge funds and other institutional investors.

Ohio Valley Banc Company Profile

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.