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

Stock analysts at StockNews.com assumed coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research report issued on Thursday. The brokerage set a “hold” rating on the bank’s stock.

Ohio Valley Banc Price Performance

Shares of OVBC stock opened at $26.40 on Thursday. Ohio Valley Banc has a 1-year low of $19.35 and a 1-year high of $28.00. The stock’s 50-day moving average is $24.96 and its 200 day moving average is $23.65. The company has a market cap of $124.34 million, a P/E ratio of 10.69 and a beta of 0.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89.

Ohio Valley Banc (NASDAQ:OVBC) last issued its quarterly earnings results on Monday, October 28th. The bank reported $0.58 earnings per share for the quarter. Ohio Valley Banc had a return on equity of 7.97% and a net margin of 13.66%. The business had revenue of $22.26 million for the quarter. During the same quarter in the previous year, the firm posted $0.47 EPS.

Institutional Investors Weigh In On Ohio Valley Banc

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Empowered Funds LLC bought a new stake in Ohio Valley Banc Corp. (NASDAQ:OVBC) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned about 0.18% of Ohio Valley Banc as of its most recent SEC filing. 22.06% of the stock is currently owned by 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.