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

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

Ohio Valley Banc Trading Down 1.8 %

Shares of Ohio Valley Banc stock opened at $23.70 on Tuesday. Ohio Valley Banc has a 1 year low of $21.67 and a 1 year high of $25.95. The firm has a market cap of $113.62 million, a PE ratio of 8.94 and a beta of 0.11. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.95. The company has a 50 day simple moving average of $24.35 and a two-hundred day simple moving average of $23.83.

Ohio Valley Banc (NASDAQ:OVBC) last announced its earnings results on Thursday, January 25th. The bank reported $0.68 earnings per share (EPS) for the quarter. Ohio Valley Banc had a net margin of 16.96% and a return on equity of 9.08%. The business had revenue of $14.90 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its stake in shares of Ohio Valley Banc by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 77,454 shares of the bank’s stock worth $2,339,000 after acquiring an additional 394 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in shares of Ohio Valley Banc by 1.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 36,051 shares of the bank’s stock worth $829,000 after acquiring an additional 576 shares in the last quarter. Abundance Wealth Counselors raised its stake in shares of Ohio Valley Banc by 0.9% during the fourth quarter. Abundance Wealth Counselors now owns 94,909 shares of the bank’s stock worth $2,183,000 after acquiring an additional 800 shares in the last quarter. Northern Trust Corp raised its stake in shares of Ohio Valley Banc by 8.0% during the second quarter. Northern Trust Corp now owns 11,872 shares of the bank’s stock worth $288,000 after acquiring an additional 877 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Ohio Valley Banc by 0.7% during the first quarter. Vanguard Group Inc. now owns 155,128 shares of the bank’s stock worth $4,654,000 after acquiring an additional 1,044 shares in the last quarter. 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.