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

Stock analysts at StockNews.com assumed coverage on shares of Ohio Valley Banc (NASDAQ:OVBC – Get Rating) in a research report issued on Sunday. The firm set a “hold” rating on the bank’s stock.

Ohio Valley Banc Price Performance

Shares of NASDAQ:OVBC opened at $24.93 on Friday. Ohio Valley Banc has a fifty-two week low of $21.96 and a fifty-two week high of $32.49. The business has a 50-day simple moving average of $24.47 and a two-hundred day simple moving average of $25.32. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $119.09 million, a price-to-earnings ratio of 9.07 and a beta of 0.14.

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Ohio Valley Banc (NASDAQ:OVBC – Get Rating) last issued its earnings results on Thursday, April 27th. The bank reported $0.82 earnings per share for the quarter. Ohio Valley Banc had a return on equity of 9.83% and a net margin of 21.52%. The business had revenue of $15.49 million during the quarter.

Institutional Investors Weigh In On Ohio Valley Banc

Several hedge funds and other institutional investors have recently made changes to their positions in OVBC. Bank of America Corp DE purchased a new stake in shares of Ohio Valley Banc during the 1st quarter valued at about $38,000. Bank of New York Mellon Corp purchased a new stake in shares of Ohio Valley Banc during the 1st quarter valued at about $201,000. Ergoteles LLC bought a new position in shares of Ohio Valley Banc during the 3rd quarter valued at approximately $263,000. State Street Corp grew its stake in shares of Ohio Valley Banc by 12.4% during the 1st quarter. State Street Corp now owns 11,129 shares of the bank’s stock valued at $336,000 after acquiring an additional 1,224 shares during the period. Finally, CI Private Wealth LLC bought a new position in shares of Ohio Valley Banc during the 4th quarter valued at approximately $816,000. Hedge funds and other institutional investors own 20.89% of the company’s stock.

About Ohio Valley Banc

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Ohio Valley Banc Corp. is a financial holding company, which engages in the provision of community banking services. It operates through the Banking and Consumer Finance segments. The firm also offers non-banking activities, such as securities underwriting and dealing activities, insurance agency and underwriting activities, and merchant banking and equity investment activities.

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