Ohio Valley Banc Corp. (NASDAQ:OVBC) Short Interest Down 21.1% in February

Ohio Valley Banc Corp. (NASDAQ:OVBC) saw a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 38,183 shares, a decrease of 21.1% from the January 29th total of 48,399 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average trading volume of 12,606 shares, the days-to-cover ratio is presently 3.0 days. Based on an average trading volume of 12,606 shares, the days-to-cover ratio is presently 3.0 days. Approximately 0.9% of the shares of the company are sold short.

Institutional Trading of Ohio Valley Banc

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Kestra Advisory Services LLC bought a new stake in Ohio Valley Banc in the 4th quarter valued at $55,000. JPMorgan Chase & Co. acquired a new stake in shares of Ohio Valley Banc during the 2nd quarter valued at about $58,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Ohio Valley Banc during the 2nd quarter valued at about $67,000. Deutsche Bank AG increased its stake in Ohio Valley Banc by 25.1% in the fourth quarter. Deutsche Bank AG now owns 2,285 shares of the bank’s stock valued at $91,000 after acquiring an additional 458 shares during the period. Finally, Royal Bank of Canada raised its position in Ohio Valley Banc by 20.0% in the fourth quarter. Royal Bank of Canada now owns 3,019 shares of the bank’s stock worth $120,000 after purchasing an additional 503 shares in the last quarter. Institutional investors and hedge funds own 22.06% of the company’s stock.

Ohio Valley Banc Price Performance

Shares of NASDAQ OVBC opened at $42.63 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. Ohio Valley Banc has a 1-year low of $25.75 and a 1-year high of $44.80. The company has a market capitalization of $200.79 million, a price-to-earnings ratio of 12.88 and a beta of -0.04. The business has a 50-day moving average of $41.39 and a 200-day moving average of $38.65.

Ohio Valley Banc (NASDAQ:OVBC) last announced its quarterly earnings data on Tuesday, January 27th. The bank reported $0.84 earnings per share for the quarter. The firm had revenue of $16.20 million during the quarter. Ohio Valley Banc had a return on equity of 9.73% and a net margin of 16.56%.

Ohio Valley Banc Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Friday, January 23rd were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, January 23rd. Ohio Valley Banc’s payout ratio is presently 27.79%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ohio Valley Banc in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Ohio Valley Banc has an average rating of “Buy”.

About Ohio Valley Banc

Ohio Valley Banc Corp is a bank holding company headquartered in Wheeling, West Virginia, operating through its principal subsidiary, The Ohio Valley Bank. As a locally focused financial institution, the company delivers a range of banking and financial solutions designed to meet the needs of individual, small business and commercial clients across its service area.

Through its subsidiary, Ohio Valley Banc offers traditional banking products including checking and savings accounts, certificates of deposit and consumer and residential mortgage loans.