Ohio Valley Banc (NASDAQ:OVBC) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $24.46 and traded as high as $27.04. Ohio Valley Banc shares last traded at $26.23, with a volume of 12,667 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Ohio Valley Banc in a research note on Saturday. They issued a “hold” rating for the company.

Ohio Valley Banc Stock Performance

The stock has a market capitalization of $123.54 million, a price-to-earnings ratio of 11.31 and a beta of 0.06. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average is $24.29 and its two-hundred day moving average is $24.46.

Ohio Valley Banc (NASDAQ:OVBC) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $0.53 EPS for the quarter. Ohio Valley Banc had a net margin of 12.37% and a return on equity of 7.44%.

Ohio Valley Banc Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 24th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.88 annualized dividend and a yield of 3.35%. Ohio Valley Banc’s dividend payout ratio (DPR) is presently 37.93%.

Institutional Investors Weigh In On Ohio Valley Banc

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in shares of Ohio Valley Banc by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank’s stock valued at $2,205,000 after purchasing an additional 1,099 shares during the period. Fourthstone LLC raised its holdings in shares of Ohio Valley Banc by 195.1% in the 4th quarter. Fourthstone LLC now owns 50,132 shares of the bank’s stock valued at $1,214,000 after purchasing an additional 33,145 shares during the period. Finally, Empowered Funds LLC bought a new stake in shares of Ohio Valley Banc in the 3rd quarter valued at about $204,000. 22.06% of the stock is owned by institutional investors.

Ohio Valley Banc Company Profile

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.