Ohio Valley Banc (NASDAQ:OVBC) Shares Pass Above 200-Day Moving Average – Should You Sell?

Ohio Valley Banc Corp. (NASDAQ:OVBC) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $43.73 and traded as high as $44.39. Ohio Valley Banc shares last traded at $42.60, with a volume of 16,712 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Ohio Valley Banc from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. One 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 Performance

The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.30. The company has a fifty day moving average price of $46.56 and a 200 day moving average price of $43.73. The stock has a market cap of $200.65 million, a PE ratio of 12.99 and a beta of 0.03.

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

Ohio Valley Banc Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, May 10th. Stockholders of record on Friday, April 24th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.3%. This is a boost from Ohio Valley Banc’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, April 24th. Ohio Valley Banc’s payout ratio is currently 30.49%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Empowered Funds LLC raised its holdings in Ohio Valley Banc by 9.9% during the 1st quarter. Empowered Funds LLC now owns 13,534 shares of the bank’s stock valued at $594,000 after buying an additional 1,216 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Ohio Valley Banc in the 1st quarter worth $256,000. Dimensional Fund Advisors LP grew its holdings in Ohio Valley Banc by 3.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 95,786 shares of the bank’s stock worth $4,200,000 after acquiring an additional 3,098 shares during the last quarter. Bridgeway Capital Management LLC increased its position in shares of Ohio Valley Banc by 3.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 35,518 shares of the bank’s stock valued at $1,420,000 after acquiring an additional 1,114 shares during the period. 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 valued at $120,000 after acquiring an additional 503 shares during the period. 22.06% of the stock is owned by hedge funds and other institutional investors.

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.