Ohio Valley Banc (NASDAQ:OVBC) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $34.93 and traded as high as $39.29. Ohio Valley Banc shares last traded at $39.00, with a volume of 26,223 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Ohio Valley Banc in a research report on Tuesday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Ohio Valley Banc presently has a consensus rating of “Hold”.

Ohio Valley Banc Stock Down 0.1%

The stock has a 50-day moving average of $36.39 and a 200-day moving average of $34.99. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $183.49 million, a price-to-earnings ratio of 12.98 and a beta of 0.06.

Ohio Valley Banc (NASDAQ:OVBC) last announced its quarterly earnings data on Friday, November 14th. The bank reported $0.64 earnings per share for the quarter. The firm had revenue of $16.35 million during the quarter. Ohio Valley Banc had a return on equity of 9.10% and a net margin of 14.97%.

Ohio Valley Banc Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Friday, October 31st were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, October 31st. This represents a $0.92 annualized dividend and a yield of 2.4%. Ohio Valley Banc’s dividend payout ratio is currently 30.67%.

Institutional Trading of Ohio Valley Banc

A number of institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new position in Ohio Valley Banc in the second quarter valued at approximately $58,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Ohio Valley Banc in the 2nd quarter valued at $67,000. Bank of America Corp DE increased its stake in shares of Ohio Valley Banc by 104.0% in the 2nd quarter. Bank of America Corp DE now owns 3,336 shares of the bank’s stock valued at $108,000 after purchasing an additional 1,701 shares during the last quarter. New York State Common Retirement Fund acquired a new position in shares of Ohio Valley Banc during the 2nd quarter worth $110,000. Finally, AA Financial Advisors LLC bought a new stake in shares of Ohio Valley Banc during the 2nd quarter worth $219,000. Institutional investors own 22.06% of the company’s stock.

About Ohio Valley Banc

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.