Ohio Valley Banc Corp. (NASDAQ:OVBC) Shares Sold by Millennium Management LLC

Millennium Management LLC lowered its position in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) by 11.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,772 shares of the bank’s stock after selling 1,486 shares during the quarter. Millennium Management LLC owned approximately 0.25% of Ohio Valley Banc worth $285,000 as of its most recent filing with the SEC.

Separately, Fourthstone LLC boosted its holdings in shares of Ohio Valley Banc by 195.1% in the 4th quarter. Fourthstone LLC now owns 50,132 shares of the bank’s stock valued at $1,214,000 after purchasing an additional 33,145 shares during the last quarter. 22.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Ohio Valley Banc from a “hold” rating to a “buy” rating in a report on Saturday.

Ohio Valley Banc Stock Performance

NASDAQ:OVBC opened at $32.35 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $152.40 million, a price-to-earnings ratio of 13.94 and a beta of 0.12. The firm’s fifty day simple moving average is $34.05 and its 200 day simple moving average is $29.04. Ohio Valley Banc Corp. has a twelve month low of $19.35 and a twelve month high of $40.99.

Ohio Valley Banc (NASDAQ:OVBC) last posted its earnings results on Friday, April 25th. The bank reported $0.94 earnings per share for the quarter. The business had revenue of $16.79 million for the quarter. Ohio Valley Banc had a net margin of 12.37% and a return on equity of 7.44%.

Ohio Valley Banc Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, May 10th. Investors of record on Friday, April 25th were issued a dividend of $0.23 per share. This is a positive change from Ohio Valley Banc’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, April 25th. This represents a $0.92 annualized dividend and a dividend yield of 2.84%. Ohio Valley Banc’s payout ratio is presently 34.33%.

Ohio Valley Banc Company Profile

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.