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

Posted by Danessa Lincoln on Dec 13th, 2024

StockNews.com started coverage on shares of Ohio Valley Banc (NASDAQ:OVBC – Free Report) in a research note published on Thursday morning. The brokerage issued a hold rating on the bank’s stock.

Ohio Valley Banc Stock Up 2.5 %

Ohio Valley Banc stock opened at $27.05 on Thursday. The stock has a market cap of $127.41 million, a PE ratio of 10.95 and a beta of 0.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89. The stock’s fifty day moving average is $25.02 and its two-hundred day moving average is $23.67. Ohio Valley Banc has a 1-year low of $19.35 and a 1-year high of $28.00.

Ohio Valley Banc (NASDAQ:OVBC – Get Free Report) last issued its earnings results on Monday, October 28th. The bank reported $0.58 earnings per share for the quarter. The business had revenue of $22.26 million for the quarter. Ohio Valley Banc had a return on equity of 7.97% and a net margin of 13.66%. During the same period last year, the business posted $0.47 EPS.

Ohio Valley Banc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, November 10th. Investors of record on Friday, October 25th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.88 annualized dividend and a yield of 3.25%. Ohio Valley Banc’s dividend payout ratio is currently 35.63%.

Hedge Funds Weigh In On Ohio Valley Banc

An institutional investor recently bought a new position in Ohio Valley Banc stock. Empowered Funds LLC bought a new stake in Ohio Valley Banc Corp. (NASDAQ:OVBC – Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned 0.18% of Ohio Valley Banc as of its most recent SEC filing. Institutional investors own 22.06% of the company’s stock.

About Ohio Valley Banc

(Get Free Report)

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.