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

Analysts at StockNews.com started coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the bank’s stock.

Ohio Valley Banc Stock Performance

Shares of Ohio Valley Banc stock opened at $23.50 on Wednesday. The company’s fifty day simple moving average is $24.25 and its 200-day simple moving average is $23.81. The company has a market cap of $112.57 million, a price-to-earnings ratio of 8.87 and a beta of 0.11. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.37. Ohio Valley Banc has a 1 year low of $21.67 and a 1 year high of $25.95.

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

Institutional Investors Weigh In On Ohio Valley Banc

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Abundance Wealth Counselors bought a new stake in Ohio Valley Banc Corp. (NASDAQ:OVBC) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 94,109 shares of the bank’s stock, valued at approximately $2,282,000. Ohio Valley Banc makes up approximately 0.7% of Abundance Wealth Counselors’ investment portfolio, making the stock its 25th largest holding. Abundance Wealth Counselors owned about 1.97% of Ohio Valley Banc as of its most recent filing with the SEC. Institutional investors own 22.06% of the company’s stock.

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.