Ohio Valley Banc (NASDAQ:OVBC) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Ohio Valley Banc (NASDAQ:OVBCGet Free Report) in a research report issued on Monday. The firm set a “hold” rating on the bank’s stock.

Ohio Valley Banc Stock Performance

NASDAQ:OVBC opened at $23.31 on Monday. The company’s 50-day moving average is $23.60 and its two-hundred day moving average is $23.71. Ohio Valley Banc has a 1-year low of $21.67 and a 1-year high of $25.95. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $111.65 million, a price-to-earnings ratio of 9.67 and a beta of 0.11.

Ohio Valley Banc (NASDAQ:OVBCGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The bank reported $0.58 EPS for the quarter. The firm had revenue of $14.89 million for the quarter. Ohio Valley Banc had a return on equity of 8.16% and a net margin of 14.70%.

Institutional Investors Weigh In On Ohio Valley Banc

A hedge fund recently raised its stake in Ohio Valley Banc stock. Abundance Wealth Counselors raised its position in Ohio Valley Banc Corp. (NASDAQ:OVBCFree Report) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,909 shares of the bank’s stock after purchasing an additional 800 shares during the quarter. Ohio Valley Banc accounts for approximately 0.6% of Abundance Wealth Counselors’ portfolio, making the stock its 29th largest position. Abundance Wealth Counselors owned about 1.99% of Ohio Valley Banc worth $2,183,000 at the end of the most recent reporting period. 22.06% of the stock is currently owned by institutional investors.

Ohio Valley Banc Company Profile

(Get Free Report)

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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