Ohio Valley Banc (NASDAQ:OVBC) Now Covered by StockNews.com

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

Ohio Valley Banc Stock Up 0.4 %

Shares of NASDAQ OVBC opened at $23.40 on Tuesday. The stock has a market capitalization of $110.21 million, a price-to-earnings ratio of 9.47 and a beta of 0.08. Ohio Valley Banc has a 52 week low of $19.35 and a 52 week high of $28.00. The firm has a 50-day moving average price of $25.36 and a 200 day moving average price of $24.19. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32.

Ohio Valley Banc (NASDAQ:OVBC) last posted 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 in the previous year, the business posted $0.47 earnings per share.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Ohio Valley Banc stock. Empowered Funds LLC acquired a new stake 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. The institutional investor acquired 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 quarter. 22.06% of the stock is currently owned by hedge funds and other institutional investors.

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.