Ohio Valley Banc (NASDAQ:OVBC) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research report sent to investors on Tuesday morning. The brokerage issued a hold rating on the bank’s stock.

Ohio Valley Banc Stock Up 1.2 %

NASDAQ:OVBC opened at $23.99 on Tuesday. Ohio Valley Banc has a 1 year low of $21.67 and a 1 year high of $25.95. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.37. The stock has a market cap of $114.91 million, a price-to-earnings ratio of 9.05 and a beta of 0.11. The stock has a 50-day moving average price of $24.35 and a two-hundred day moving average price of $23.83.

Ohio Valley Banc (NASDAQ:OVBC) last posted its earnings results on Thursday, January 25th. The bank reported $0.68 earnings per share (EPS) for the quarter. The firm had revenue of $14.90 million during the quarter. Ohio Valley Banc had a return on equity of 9.08% and a net margin of 16.96%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Bridgeway Capital Management LLC boosted its position in shares of Ohio Valley Banc by 1.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 36,051 shares of the bank’s stock worth $829,000 after buying an additional 576 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Ohio Valley Banc by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 91,143 shares of the bank’s stock worth $2,096,000 after buying an additional 2,404 shares during the period. Abundance Wealth Counselors boosted its position in shares of Ohio Valley Banc by 0.9% during the fourth quarter. Abundance Wealth Counselors now owns 94,909 shares of the bank’s stock worth $2,183,000 after buying an additional 800 shares during the period. Vanguard Group Inc. boosted its position in shares of Ohio Valley Banc by 3.0% during the third quarter. Vanguard Group Inc. now owns 53,499 shares of the bank’s stock worth $1,297,000 after buying an additional 1,538 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Ohio Valley Banc by 7.8% during the third quarter. The Manufacturers Life Insurance Company now owns 211,095 shares of the bank’s stock worth $5,161,000 after buying an additional 15,323 shares during the period. 22.06% of the stock is owned by institutional investors and hedge funds.

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.