Ohio Valley Banc (NASDAQ:OVBC) Stock Price Passes Below Two Hundred Day Moving Average of $23.69

Shares of Ohio Valley Banc Corp. (NASDAQ:OVBCGet Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.69 and traded as low as $22.40. Ohio Valley Banc shares last traded at $22.45, with a volume of 1,461 shares traded.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Ohio Valley Banc in a report on Monday, June 3rd. They set a “hold” rating for the company.

Read Our Latest Stock Report on OVBC

Ohio Valley Banc Stock Performance

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 $107.54 million, a price-to-earnings ratio of 9.32 and a beta of 0.09. The firm’s fifty day moving average is $23.46 and its 200 day moving average is $23.69.

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

Ohio Valley Banc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.92%. The ex-dividend date was Thursday, April 25th. Ohio Valley Banc’s payout ratio is presently 36.51%.

Hedge Funds Weigh In On Ohio Valley Banc

An institutional investor recently raised its position in Ohio Valley Banc stock. Abundance Wealth Counselors lifted its stake in Ohio Valley Banc Corp. (NASDAQ:OVBCFree Report) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,909 shares of the bank’s stock after acquiring an additional 800 shares during the period. Ohio Valley Banc makes up 0.6% of Abundance Wealth Counselors’ portfolio, making the stock its 29th largest holding. Abundance Wealth Counselors owned approximately 1.99% of Ohio Valley Banc worth $2,183,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 22.06% of the company’s stock.

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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