Short Interest in Ohio Valley Banc Corp. (NASDAQ:OVBC) Increases By 27.0%

Ohio Valley Banc Corp. (NASDAQ:OVBC) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 48,399 shares, a growth of 27.0% from the January 15th total of 38,102 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average daily trading volume, of 7,876 shares, the days-to-cover ratio is presently 6.1 days. Based on an average daily trading volume, of 7,876 shares, the days-to-cover ratio is presently 6.1 days. Approximately 1.1% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Ohio Valley Banc in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Ohio Valley Banc currently has an average rating of “Buy”.

Ohio Valley Banc Stock Up 0.7%

NASDAQ OVBC traded up $0.30 on Tuesday, reaching $43.25. The company had a trading volume of 10,431 shares, compared to its average volume of 10,095. The company’s fifty day moving average is $41.05 and its 200-day moving average is $38.15. The firm has a market capitalization of $203.71 million, a price-to-earnings ratio of 13.07 and a beta of -0.02. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91. Ohio Valley Banc has a 1-year low of $25.75 and a 1-year high of $44.46.

Ohio Valley Banc (NASDAQ:OVBC) last issued its quarterly earnings results on Tuesday, January 27th. The bank reported $0.84 EPS for the quarter. The company had revenue of $16.20 million for the quarter. Ohio Valley Banc had a return on equity of 9.73% and a net margin of 16.56%.

Ohio Valley Banc Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 10th. Stockholders of record on Friday, January 23rd were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, January 23rd. Ohio Valley Banc’s dividend payout ratio (DPR) is currently 27.79%.

Institutional Trading of Ohio Valley Banc

Institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its position in Ohio Valley Banc by 20.0% in the fourth quarter. Royal Bank of Canada now owns 3,019 shares of the bank’s stock valued at $120,000 after purchasing an additional 503 shares in the last quarter. Opal Capital LLC acquired a new position in shares of Ohio Valley Banc during the 4th quarter worth about $1,140,000. Barclays PLC grew its holdings in shares of Ohio Valley Banc by 36.9% in the 4th quarter. Barclays PLC now owns 7,364 shares of the bank’s stock valued at $294,000 after acquiring an additional 1,983 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Ohio Valley Banc in the fourth quarter valued at about $55,000. Finally, Fourthstone LLC raised its holdings in Ohio Valley Banc by 172.2% during the fourth quarter. Fourthstone LLC now owns 198,804 shares of the bank’s stock worth $7,948,000 after acquiring an additional 125,773 shares in the last quarter. Institutional investors own 22.06% of the company’s stock.

About Ohio Valley Banc

Ohio Valley Banc Corp is a bank holding company headquartered in Wheeling, West Virginia, operating through its principal subsidiary, The Ohio Valley Bank. As a locally focused financial institution, the company delivers a range of banking and financial solutions designed to meet the needs of individual, small business and commercial clients across its service area.

Through its subsidiary, Ohio Valley Banc offers traditional banking products including checking and savings accounts, certificates of deposit and consumer and residential mortgage loans.