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

Equities research analysts at StockNews.com began coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a note issued to investors on Friday. The brokerage set a “hold” rating on the bank’s stock.

Ohio Valley Banc Stock Performance

Shares of NASDAQ OVBC opened at $23.21 on Friday. 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 company has a market cap of $111.24 million, a PE ratio of 9.63 and a beta of 0.11. The company has a 50-day simple moving average of $23.75 and a 200-day simple moving average of $23.72. Ohio Valley Banc has a 12 month low of $21.67 and a 12 month high of $25.95.

Institutional Investors Weigh In On Ohio Valley Banc

An institutional investor recently bought a new position in Ohio Valley Banc stock. Abundance Wealth Counselors purchased a new position in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 94,109 shares of the bank’s stock, valued at approximately $2,282,000. Ohio Valley Banc accounts for approximately 0.7% of Abundance Wealth Counselors’ investment portfolio, making the stock its 25th largest position. Abundance Wealth Counselors owned 1.97% of Ohio Valley Banc as of its most recent filing with the Securities and Exchange Commission. 22.06% of the stock is owned by hedge funds and other institutional investors.

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.