Ohio Valley Banc Corp. (NASDAQ:OVBC) Short Interest Up 25.8% in March

Ohio Valley Banc Corp. (NASDAQ:OVBC) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 12,200 shares, a growth of 25.8% from the February 28th total of 9,700 shares. Based on an average daily volume of 10,700 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.3% of the company’s shares are short sold.

Ohio Valley Banc Trading Up 3.7 %

OVBC stock traded up $1.02 on Wednesday, reaching $28.51. The company’s stock had a trading volume of 14,252 shares, compared to its average volume of 5,905. The firm has a market cap of $134.31 million, a PE ratio of 12.29 and a beta of -0.09. The business has a fifty day simple moving average of $27.29 and a two-hundred day simple moving average of $25.61. Ohio Valley Banc has a 12-month low of $19.35 and a 12-month high of $32.81. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.89.

Ohio Valley Banc (NASDAQ:OVBC) last posted its earnings results on Tuesday, January 28th. The bank reported $0.53 EPS for the quarter. Ohio Valley Banc had a net margin of 12.37% and a return on equity of 7.44%.

Ohio Valley Banc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 24th were issued a dividend of $0.22 per share. The ex-dividend date was Friday, January 24th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.09%. Ohio Valley Banc’s dividend payout ratio (DPR) is 37.93%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ohio Valley Banc stock. Dimensional Fund Advisors LP increased its position in Ohio Valley Banc Corp. (NASDAQ:OVBC) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,075 shares of the bank’s stock after purchasing an additional 1,099 shares during the period. Dimensional Fund Advisors LP owned 1.93% of Ohio Valley Banc worth $2,205,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 22.06% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Ohio Valley Banc in a research report on Tuesday, March 18th. They set a “hold” rating for the company.

Ohio Valley Banc Company Profile

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.