ValuEngine Lowers Ohio Valley Banc (OVBC) to Hold
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.
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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