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

Posted by ABMN Staff on Dec 14th, 2024

Stock analysts at StockNews.com assumed coverage on shares of Ohio Valley Banc (NASDAQ:OVBC – Get Free Report) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the bank’s stock.

Ohio Valley Banc Price Performance

Shares of Ohio Valley Banc stock opened at $27.10 on Thursday. Ohio Valley Banc has a 1-year low of $19.35 and a 1-year high of $28.00. The firm has a fifty day simple moving average of $25.02 and a 200-day simple moving average of $23.67. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $127.64 million, a price-to-earnings ratio of 10.97 and a beta of 0.06.

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

Institutional Investors Weigh In On Ohio Valley Banc

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Empowered Funds LLC bought a new stake in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC – Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned about 0.18% of Ohio Valley Banc at the end of the most recent reporting period. Hedge funds and other institutional investors own 22.06% of the company’s stock.

Ohio Valley Banc Company Profile

(Get Free Report)

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.