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

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

Ohio Valley Banc Price Performance

Shares of Ohio Valley Banc stock opened at $23.99 on Tuesday. The stock has a 50 day moving average of $24.34 and a 200 day moving average of $23.83. Ohio Valley Banc has a 12 month low of $21.67 and a 12 month high of $25.95. The firm has a market cap of $114.91 million, a PE ratio of 9.05 and a beta of 0.11. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.37.

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

Hedge Funds Weigh In On Ohio Valley Banc

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Abundance Wealth Counselors boosted its stake in Ohio Valley Banc by 0.9% during the fourth quarter. Abundance Wealth Counselors now owns 94,909 shares of the bank’s stock valued at $2,183,000 after buying an additional 800 shares during the last quarter. BlackRock Inc. boosted its stake in Ohio Valley Banc by 166.0% during the third quarter. BlackRock Inc. now owns 47,165 shares of the bank’s stock valued at $1,313,000 after buying an additional 29,433 shares during the last quarter. Vanguard Group Inc. raised its position in Ohio Valley Banc by 3.0% during the third quarter. Vanguard Group Inc. now owns 53,499 shares of the bank’s stock valued at $1,297,000 after purchasing an additional 1,538 shares during the period. Geode Capital Management LLC raised its position in Ohio Valley Banc by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 37,500 shares of the bank’s stock valued at $990,000 after purchasing an additional 1,077 shares during the period. Finally, Bridgeway Capital Management LLC raised its position in Ohio Valley Banc by 1.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 36,051 shares of the bank’s stock valued at $829,000 after purchasing an additional 576 shares during the period. 22.06% of the stock is owned by institutional investors.

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.