StockNews.com Begins Coverage on Ohio Valley Banc (NASDAQ:OVBC)

Equities research analysts at StockNews.com started coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the bank’s stock.

Ohio Valley Banc Stock Performance

Shares of OVBC opened at $25.02 on Monday. Ohio Valley Banc has a 52 week low of $19.35 and a 52 week high of $25.51. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $117.84 million, a PE ratio of 10.12 and a beta of 0.03. The company’s 50 day moving average price is $24.01 and its 200 day moving average price is $23.23.

Ohio Valley Banc (NASDAQ:OVBC) last posted its quarterly earnings results on Monday, October 28th. The bank reported $0.58 EPS for the quarter. Ohio Valley Banc had a net margin of 13.66% and a return on equity of 8.06%. The business had revenue of $22.26 million for the quarter. During the same quarter in the prior year, the firm earned $0.47 earnings per share.

Hedge Funds Weigh In On Ohio Valley Banc

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Empowered Funds LLC bought a new position in Ohio Valley Banc Corp. (NASDAQ:OVBC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned approximately 0.18% of Ohio Valley Banc as of its most recent SEC filing. 22.06% of the stock is owned by institutional investors and hedge funds.

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.