Ohio Valley Banc (NASDAQ:OVBC) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Ohio Valley Banc Corp. (NASDAQ:OVBC) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $34.93 and traded as high as $39.29. Ohio Valley Banc shares last traded at $39.00, with a volume of 26,223 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ohio Valley Banc in a research note on Wednesday, November 19th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Ohio Valley Banc has a consensus rating of “Hold”.

Ohio Valley Banc Stock Up 0.3%

The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.90 and a current ratio of 0.90. The company has a fifty day simple moving average of $36.35 and a two-hundred day simple moving average of $34.93. The firm has a market capitalization of $183.73 million, a PE ratio of 13.00 and a beta of 0.06.

Ohio Valley Banc (NASDAQ:OVBC) last released its quarterly earnings data on Friday, November 14th. The bank reported $0.64 earnings per share for the quarter. Ohio Valley Banc had a return on equity of 9.10% and a net margin of 14.97%.The firm had revenue of $16.35 million during the quarter.

Ohio Valley Banc Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Friday, October 31st were paid a dividend of $0.23 per share. The ex-dividend date was Friday, October 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.4%. Ohio Valley Banc’s dividend payout ratio (DPR) is currently 30.67%.

Institutional Trading of Ohio Valley Banc

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC increased its holdings in shares of Ohio Valley Banc by 6.4% in the 1st quarter. Empowered Funds LLC now owns 9,302 shares of the bank’s stock valued at $242,000 after acquiring an additional 558 shares during the period. Jane Street Group LLC purchased a new position in Ohio Valley Banc in the first quarter valued at about $232,000. AA Financial Advisors LLC purchased a new position in Ohio Valley Banc in the second quarter valued at about $219,000. Ritholtz Wealth Management bought a new position in Ohio Valley Banc in the second quarter worth about $300,000. Finally, Prosperity Consulting Group LLC purchased a new stake in shares of Ohio Valley Banc during the second quarter valued at about $1,301,000. Institutional investors own 22.06% of the company’s stock.

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.