Ohio Valley Banc (NASDAQ:OVBC) Research Coverage Started at StockNews.com

Research analysts at StockNews.com began coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a report released on Thursday. The firm set a “hold” rating on the bank’s stock.

Ohio Valley Banc Stock Down 2.1 %

Shares of Ohio Valley Banc stock opened at $23.00 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.95 and a current ratio of 0.95. Ohio Valley Banc has a 52-week low of $21.67 and a 52-week high of $25.95. The stock has a market capitalization of $110.17 million, a price-to-earnings ratio of 9.54 and a beta of 0.11. The company’s 50 day moving average price is $24.02 and its 200-day moving average price is $23.77.

Institutional Trading of Ohio Valley Banc

An institutional investor recently bought a new position in Ohio Valley Banc stock. Abundance Wealth Counselors acquired a new stake in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 94,109 shares of the bank’s stock, valued at approximately $2,282,000. Ohio Valley Banc accounts for about 0.7% of Abundance Wealth Counselors’ holdings, making the stock its 25th biggest position. Abundance Wealth Counselors owned about 1.97% of Ohio Valley Banc at the end of the most recent quarter. 22.06% of the stock is owned by institutional investors.

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.