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

Shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $44.24 and traded as high as $45.19. Ohio Valley Banc shares last traded at $44.17, with a volume of 24,020 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Ohio Valley Banc from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Ohio Valley Banc currently has an average rating of “Buy”.

Ohio Valley Banc Trading Up 3.5%

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 capitalization of $218.03 million, a P/E ratio of 15.38 and a beta of 0.04. The firm has a 50-day moving average of $44.58 and a two-hundred day moving average of $44.26.

Ohio Valley Banc (NASDAQ:OVBC) last released its quarterly earnings data on Monday, July 27th. The bank reported $0.62 earnings per share for the quarter. The business had revenue of $18.58 million for the quarter. Ohio Valley Banc had a return on equity of 8.43% and a net margin of 14.31%.

Ohio Valley Banc Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Friday, July 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 2.2%. The ex-dividend date of this dividend was Friday, July 24th. Ohio Valley Banc’s payout ratio is presently 33.22%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Deutsche Bank AG increased its stake in shares of Ohio Valley Banc by 25.1% in the fourth quarter. Deutsche Bank AG now owns 2,285 shares of the bank’s stock valued at $91,000 after buying an additional 458 shares during the period. Royal Bank of Canada boosted its position in Ohio Valley Banc by 20.0% during the 4th quarter. Royal Bank of Canada now owns 3,019 shares of the bank’s stock worth $120,000 after buying an additional 503 shares during the period. Empowered Funds LLC grew its holdings in Ohio Valley Banc by 6.4% during the 1st quarter. Empowered Funds LLC now owns 9,302 shares of the bank’s stock worth $242,000 after acquiring an additional 558 shares during the last quarter. Ritholtz Wealth Management grew its holdings in Ohio Valley Banc by 5.9% during the 4th quarter. Ritholtz Wealth Management now owns 13,372 shares of the bank’s stock worth $535,000 after acquiring an additional 745 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its position in Ohio Valley Banc by 2.5% in the 2nd quarter. Bridgeway Capital Management LLC now owns 33,312 shares of the bank’s stock valued at $1,074,000 after acquiring an additional 810 shares during the period. 22.06% of the stock is currently owned by 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.