Ohio Valley Banc (NASDAQ:OVBC) Earns Hold Rating from Analysts at StockNews.com

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

Ohio Valley Banc Stock Performance

Shares of OVBC opened at $24.18 on Friday. Ohio Valley Banc has a 52 week low of $19.35 and a 52 week high of $28.00. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32. The stock has a market cap of $113.91 million, a P/E ratio of 9.79 and a beta of 0.06. The business’s 50 day moving average price is $25.45 and its 200-day moving average price is $23.86.

Ohio Valley Banc (NASDAQ:OVBC) last released its earnings results on Monday, October 28th. The bank reported $0.58 EPS for the quarter. The firm 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 in the prior year, the company posted $0.47 earnings per share.

Institutional Investors 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 shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned about 0.18% of Ohio Valley Banc at the end of the most recent quarter. Hedge funds and other 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.