Ohio Valley Banc (NASDAQ:OVBC) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Ohio Valley Banc (NASDAQ:OVBC) from a buy rating to a hold rating in a research report sent to investors on Sunday.

Ohio Valley Banc Price Performance

Ohio Valley Banc stock opened at $31.65 on Friday. The company has a market capitalization of $149.10 million, a price-to-earnings ratio of 13.64 and a beta of 0.12. Ohio Valley Banc has a 12 month low of $19.35 and a 12 month high of $40.99. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average is $34.32 and its 200-day moving average is $29.16.

Ohio Valley Banc (NASDAQ:OVBC) last issued its quarterly earnings results on Friday, April 25th. The bank reported $0.94 earnings per share (EPS) for the quarter. The business had revenue of $16.79 million for the quarter. Ohio Valley Banc had a return on equity of 7.44% and a net margin of 12.37%.

Ohio Valley Banc Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, May 10th. Investors of record on Friday, April 25th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, April 25th. This represents a $0.92 dividend on an annualized basis and a yield of 2.91%. This is an increase from Ohio Valley Banc’s previous quarterly dividend of $0.22. Ohio Valley Banc’s dividend payout ratio is currently 34.33%.

Institutional Investors Weigh In On Ohio Valley Banc

A number of large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in shares of Ohio Valley Banc in the 1st quarter valued at $232,000. Empowered Funds LLC boosted its holdings in shares of Ohio Valley Banc by 6.4% in the 1st quarter. Empowered Funds LLC now owns 9,302 shares of the bank’s stock valued at $242,000 after purchasing an additional 558 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Ohio Valley Banc by 1.2% in the 4th 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 in the last quarter. Finally, Fourthstone LLC boosted its holdings in shares of Ohio Valley Banc by 195.1% in the 4th quarter. Fourthstone LLC now owns 50,132 shares of the bank’s stock valued at $1,214,000 after purchasing an additional 33,145 shares in the last quarter. Institutional investors and hedge funds own 22.06% of the company’s stock.

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.