Ohio Valley Banc (NASDAQ:OVBC) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $43.30 and traded as high as $49.05. Ohio Valley Banc shares last traded at $48.21, with a volume of 25,666 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Ohio Valley Banc from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Ohio Valley Banc presently has a consensus rating of “Buy”.

Ohio Valley Banc Stock Up 0.5%

The firm’s 50-day moving average is $46.58 and its 200 day moving average is $43.30. The stock has a market cap of $227.07 million, a price-to-earnings ratio of 14.70 and a beta of 0.02. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.94 and a quick ratio of 0.94.

Ohio Valley Banc (NASDAQ:OVBC) last released its quarterly earnings data on Tuesday, April 28th. The bank reported $0.91 earnings per share (EPS) for the quarter. Ohio Valley Banc had a net margin of 16.05% and a return on equity of 9.29%. The company had revenue of $18.18 million during the quarter.

Ohio Valley Banc Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, May 10th. Stockholders of record on Friday, April 24th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, April 24th. This is an increase from Ohio Valley Banc’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 2.1%. Ohio Valley Banc’s dividend payout ratio (DPR) is currently 30.49%.

Institutional Investors Weigh In On Ohio Valley Banc

Large investors have recently made changes to their positions in the business. Kestra Advisory Services LLC acquired a new stake in shares of Ohio Valley Banc in the fourth quarter worth $55,000. JPMorgan Chase & Co. acquired a new stake in shares of Ohio Valley Banc in the second quarter worth $58,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Ohio Valley Banc in the second quarter worth $67,000. Deutsche Bank AG increased its position in shares of Ohio Valley Banc by 25.1% in the fourth quarter. Deutsche Bank AG now owns 2,285 shares of the bank’s stock worth $91,000 after acquiring an additional 458 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of 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 acquiring an additional 503 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 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.