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

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

Ohio Valley Banc Price Performance

NASDAQ:OVBC opened at $22.85 on Wednesday. Ohio Valley Banc has a 52-week low of $19.35 and a 52-week high of $28.00. The firm has a market capitalization of $107.62 million, a price-to-earnings ratio of 9.25 and a beta of 0.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a fifty day moving average of $25.12 and a 200 day moving average of $24.27.

Ohio Valley Banc (NASDAQ:OVBC) last released its earnings results on Tuesday, January 28th. The bank reported $0.53 earnings per share for the quarter. Ohio Valley Banc had a return on equity of 7.97% and a net margin of 13.66%.

Institutional Investors Weigh In On Ohio Valley Banc

An institutional investor recently bought a new position in Ohio Valley Banc stock. Empowered Funds LLC acquired a new stake in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 reporting period. 22.06% of the stock is currently owned by 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.