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

Analysts at StockNews.com began coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a report released on Monday. The firm set a “hold” rating on the bank’s stock.

Ohio Valley Banc Stock Up 0.4 %

Shares of NASDAQ OVBC opened at $23.50 on Monday. The stock has a market cap of $112.57 million, a P/E ratio of 8.91 and a beta of 0.11. The firm has a 50 day moving average price of $24.39 and a 200 day moving average price of $23.84. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.95 and a current ratio of 0.95. Ohio Valley Banc has a 52-week low of $21.67 and a 52-week high of $25.95.

Ohio Valley Banc (NASDAQ:OVBC) last issued its quarterly earnings data on Thursday, January 25th. The bank reported $0.68 earnings per share (EPS) for the quarter. Ohio Valley Banc had a net margin of 16.96% and a return on equity of 9.08%. The firm had revenue of $14.90 million during the quarter.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE bought a new position in Ohio Valley Banc in the first quarter valued at approximately $38,000. Bank of New York Mellon Corp bought a new position in Ohio Valley Banc in the first quarter valued at approximately $201,000. Northern Trust Corp lifted its stake in Ohio Valley Banc by 8.0% in the second quarter. Northern Trust Corp now owns 11,872 shares of the bank’s stock valued at $288,000 after buying an additional 877 shares in the last quarter. State Street Corp lifted its stake in Ohio Valley Banc by 12.4% in the first quarter. State Street Corp now owns 11,129 shares of the bank’s stock valued at $336,000 after buying an additional 1,224 shares in the last quarter. Finally, CI Private Wealth LLC bought a new stake in shares of Ohio Valley Banc in the fourth quarter worth $816,000. Institutional investors own 22.06% of the company’s stock.

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.