Ohio Valley Banc (NASDAQ:OVBC) Downgraded to Hold Rating by Wall Street Zen

Ohio Valley Banc (NASDAQ:OVBC) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Ohio Valley Banc Trading Down 0.3%

Ohio Valley Banc stock opened at $31.65 on Friday. Ohio Valley Banc has a fifty-two week low of $19.35 and a fifty-two week high of $40.99. The firm’s fifty day moving average price is $34.32 and its 200-day moving average price is $29.14. The stock has a market cap of $149.10 million, a P/E ratio of 13.64 and a beta of 0.12. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.89.

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. Ohio Valley Banc had a net margin of 12.37% and a return on equity of 7.44%. The company had revenue of $16.79 million during the quarter.

Institutional Trading of Ohio Valley Banc

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC bought a new stake in shares of Ohio Valley Banc in the 1st quarter worth about $232,000. Empowered Funds LLC grew its holdings in Ohio Valley Banc by 6.4% during the 1st quarter. Empowered Funds LLC now owns 9,302 shares of the bank’s stock valued at $242,000 after purchasing an additional 558 shares during the last quarter. Fourthstone LLC boosted its position in 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 buying an additional 33,145 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Ohio Valley Banc by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank’s stock valued at $2,205,000 after buying an additional 1,099 shares during the period. 22.06% of the stock is currently owned by institutional investors.

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.