StockNews.com Begins Coverage on Ohio Valley Banc (NASDAQ:OVBC)

Research analysts at StockNews.com began coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a report issued on Wednesday. The firm set a “hold” rating on the bank’s stock.

Ohio Valley Banc Price Performance

NASDAQ OVBC opened at $26.80 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32. The company has a market cap of $126.23 million, a PE ratio of 10.85 and a beta of 0.06. Ohio Valley Banc has a 52 week low of $19.35 and a 52 week high of $28.00. The firm’s 50-day simple moving average is $24.67 and its two-hundred day simple moving average is $23.52.

Ohio Valley Banc (NASDAQ:OVBC) last announced its quarterly earnings results on Monday, October 28th. The bank reported $0.58 EPS for the quarter. Ohio Valley Banc had a net margin of 13.66% and a return on equity of 7.97%. The company had revenue of $22.26 million for the quarter. During the same quarter in the previous year, the company posted $0.47 earnings per share.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Empowered Funds LLC purchased a new position in Ohio Valley Banc Corp. (NASDAQ:OVBC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned approximately 0.18% of Ohio Valley Banc at the end of the most recent quarter. 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.