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

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

Ohio Valley Banc Price Performance

Shares of OVBC opened at $31.70 on Monday. The firm has a market capitalization of $149.34 million, a PE ratio of 13.66 and a beta of -0.09. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89. Ohio Valley Banc has a 1-year low of $19.35 and a 1-year high of $32.81. The company’s fifty day moving average price is $25.32 and its 200-day moving average price is $24.98.

Ohio Valley Banc (NASDAQ:OVBC) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $0.53 earnings per share for the quarter. Ohio Valley Banc had a net margin of 12.37% and a return on equity of 7.44%.

Institutional Investors Weigh In On Ohio Valley Banc

A number of large investors have recently made changes to their positions in OVBC. Fourthstone LLC grew its holdings in shares of Ohio Valley Banc by 195.1% during the fourth quarter. Fourthstone LLC now owns 50,132 shares of the bank’s stock valued at $1,214,000 after buying an additional 33,145 shares during the last quarter. Empowered Funds LLC acquired a new position in Ohio Valley Banc during the third quarter valued at $204,000. Finally, Dimensional Fund Advisors LP lifted its position in Ohio Valley Banc by 1.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank’s stock valued at $2,205,000 after purchasing an additional 1,099 shares during the period. 22.06% of the stock is 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.