Short Interest in Ohio Valley Banc Corp. (NASDAQ:OVBC) Declines By 21.1%

Ohio Valley Banc Corp. (NASDAQ:OVBC) was the recipient of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 38,183 shares, a decline of 21.1% from the January 29th total of 48,399 shares. Based on an average daily volume of 12,606 shares, the days-to-cover ratio is currently 3.0 days. Approximately 0.9% of the shares of the company are sold short. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 12,606 shares, the days-to-cover ratio is currently 3.0 days.

Ohio Valley Banc Price Performance

Shares of NASDAQ:OVBC opened at $42.63 on Monday. The company has a 50-day moving average price of $41.39 and a two-hundred day moving average price of $38.65. Ohio Valley Banc has a twelve month low of $25.75 and a twelve month high of $44.80. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $200.79 million, a PE ratio of 12.88 and a beta of -0.04.

Ohio Valley Banc (NASDAQ:OVBC) last issued its quarterly earnings data on Tuesday, January 27th. The bank reported $0.84 earnings per share (EPS) for the quarter. The company had revenue of $16.20 million for the quarter. Ohio Valley Banc had a return on equity of 9.73% and a net margin of 16.56%.

Ohio Valley Banc Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Friday, January 23rd were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, January 23rd. Ohio Valley Banc’s dividend payout ratio (DPR) is presently 27.79%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Ohio Valley Banc in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Ohio Valley Banc presently has an average rating of “Buy”.

Institutional Investors Weigh In On Ohio Valley Banc

Several institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC lifted its stake in shares of Ohio Valley Banc by 6.4% in the first quarter. Empowered Funds LLC now owns 9,302 shares of the bank’s stock worth $242,000 after buying an additional 558 shares in the last quarter. Jane Street Group LLC bought a new position in Ohio Valley Banc during the first quarter valued at approximately $232,000. Prosperity Consulting Group LLC bought a new position in Ohio Valley Banc during the second quarter valued at approximately $1,301,000. 49 Wealth Management LLC purchased a new stake in Ohio Valley Banc in the second quarter worth approximately $1,540,000. Finally, Geode Capital Management LLC grew its position in Ohio Valley Banc by 119.1% in the 2nd quarter. Geode Capital Management LLC now owns 87,940 shares of the bank’s stock worth $2,835,000 after purchasing an additional 47,796 shares during the period. Hedge funds and other institutional investors own 22.06% of the company’s stock.

Ohio Valley Banc Company Profile

Ohio Valley Banc Corp is a bank holding company headquartered in Wheeling, West Virginia, operating through its principal subsidiary, The Ohio Valley Bank. As a locally focused financial institution, the company delivers a range of banking and financial solutions designed to meet the needs of individual, small business and commercial clients across its service area.

Through its subsidiary, Ohio Valley Banc offers traditional banking products including checking and savings accounts, certificates of deposit and consumer and residential mortgage loans.