Ohio Valley Banc (NASDAQ:OVBC) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a note issued to investors on Tuesday. The firm set a “hold” rating on the bank’s stock.

Ohio Valley Banc Trading Down 1.8 %

OVBC stock opened at $23.70 on Tuesday. Ohio Valley Banc has a 1-year low of $21.67 and a 1-year high of $25.95. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $113.62 million, a price-to-earnings ratio of 8.94 and a beta of 0.11. The business has a 50 day simple moving average of $24.35 and a two-hundred day simple moving average of $23.83.

Ohio Valley Banc (NASDAQ:OVBC) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $0.68 earnings per share for the quarter. Ohio Valley Banc had a return on equity of 9.08% and a net margin of 16.96%. The business had revenue of $14.90 million during the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE bought a new position in Ohio Valley Banc in the 1st quarter worth approximately $38,000. Bank of New York Mellon Corp bought a new position in shares of Ohio Valley Banc during the 1st quarter valued at approximately $201,000. State Street Corp boosted its position in shares of Ohio Valley Banc by 12.4% during the 1st quarter. State Street Corp now owns 11,129 shares of the bank’s stock valued at $336,000 after acquiring an additional 1,224 shares during the last quarter. Northern Trust Corp boosted its position in shares of Ohio Valley Banc by 8.0% during the 2nd quarter. Northern Trust Corp now owns 11,872 shares of the bank’s stock valued at $288,000 after acquiring an additional 877 shares during the last quarter. Finally, CI Private Wealth LLC bought a new position in shares of Ohio Valley Banc during the 4th quarter valued at approximately $816,000. 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.