Ohio Valley Banc (NASDAQ:OVBC) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Ohio Valley Banc (OVBC) traded down $0.05 on Friday, reaching $39.65. The company had a trading volume of 3,766 shares, compared to its average volume of 2,992. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.41. Ohio Valley Banc has a fifty-two week low of $23.95 and a fifty-two week high of $40.10. The company has a market cap of $186.05, a price-to-earnings ratio of 21.58 and a beta of 0.13.

Ohio Valley Banc (NASDAQ:OVBC) last posted its quarterly earnings results on Thursday, October 26th. The bank reported $0.35 earnings per share (EPS) for the quarter. Ohio Valley Banc had a return on equity of 8.01% and a net margin of 16.04%. The business had revenue of $12.55 million for the quarter.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wesbanco Bank Inc. grew its position in Ohio Valley Banc by 0.7% during the 2nd quarter. Wesbanco Bank Inc. now owns 97,055 shares of the bank’s stock worth $3,499,000 after acquiring an additional 645 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Ohio Valley Banc during the 2nd quarter worth approximately $436,000. TIAA CREF Investment Management LLC bought a new position in Ohio Valley Banc during the 2nd quarter worth approximately $395,000. Teachers Advisors LLC bought a new position in Ohio Valley Banc during the 2nd quarter worth approximately $268,000. Finally, Schwab Charles Investment Management Inc. bought a new position in Ohio Valley Banc during the 2nd quarter worth approximately $267,000. Institutional investors and hedge funds own 13.76% of the company’s stock.

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About Ohio Valley Banc

Ohio Valley Banc Corp. is a financial holding company. The Company has a banking subsidiary, The Ohio Valley Bank Company (the Bank). The Company’s financial service operations are aggregated in two segments: banking and consumer finance. The Company also owns nonbank subsidiaries, which include Loan Central, Inc, which engages in lending; Ohio Valley Financial Services Agency, LLC, which is used to facilitate the receipt of commissions on insurances sold by the Bank and Loan Central, and OVBC Captive, Inc, a limited purpose property and casualty insurance company.

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