Ohio Valley Banc (NASDAQ:OVBC) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $42.27 and traded as high as $49.60. Ohio Valley Banc shares last traded at $48.05, with a volume of 26,760 shares traded.

Analysts Set New Price Targets

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 research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Ohio Valley Banc currently has an average rating of “Buy”.

Ohio Valley Banc Trading Down 2.4%

The firm’s 50-day moving average is $45.20 and its 200-day moving average is $42.27. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.30. The firm has a market cap of $226.32 million and a price-to-earnings ratio of 14.65.

Ohio Valley Banc (NASDAQ:OVBC) last posted its quarterly earnings results 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 business had revenue of $18.18 million during the quarter.

Ohio Valley Banc Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, May 10th. Investors of record on Friday, April 24th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.1%. 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. Ohio Valley Banc’s payout ratio is 30.49%.

Institutional Trading of Ohio Valley Banc

Several institutional investors and hedge funds have recently modified their holdings of the stock. Fourthstone LLC raised its stake in shares of Ohio Valley Banc by 172.2% in the fourth quarter. Fourthstone LLC now owns 198,804 shares of the bank’s stock worth $7,948,000 after purchasing an additional 125,773 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Ohio Valley Banc by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 95,786 shares of the bank’s stock worth $4,200,000 after purchasing an additional 3,098 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Ohio Valley Banc by 119.1% in the second quarter. Geode Capital Management LLC now owns 87,940 shares of the bank’s stock worth $2,835,000 after purchasing an additional 47,796 shares during the last quarter. State Street Corp lifted its stake in Ohio Valley Banc by 3.5% during the 4th quarter. State Street Corp now owns 44,885 shares of the bank’s stock valued at $1,795,000 after acquiring an additional 1,536 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its stake in Ohio Valley Banc by 3.2% during the 4th 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 in the last quarter. 22.06% of the stock is owned by hedge funds and other institutional investors.

Ohio Valley Banc Company Profile

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.