26,522 Shares in Ohio Valley Banc Corp. $OVBC Acquired by Opal Capital LLC

Opal Capital LLC purchased a new stake in Ohio Valley Banc Corp. (NASDAQ:OVBC) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 26,522 shares of the bank’s stock, valued at approximately $1,140,000. Opal Capital LLC owned approximately 0.56% of Ohio Valley Banc as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in Ohio Valley Banc by 36.9% during the fourth quarter. Barclays PLC now owns 7,364 shares of the bank’s stock worth $294,000 after purchasing an additional 1,983 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Ohio Valley Banc in the 4th quarter valued at $55,000. Fourthstone LLC boosted its holdings in shares of Ohio Valley Banc by 172.2% in the 4th quarter. Fourthstone LLC now owns 198,804 shares of the bank’s stock valued at $7,948,000 after buying an additional 125,773 shares in the last quarter. State Street Corp boosted its holdings in shares of Ohio Valley Banc by 3.5% in the 4th quarter. State Street Corp now owns 44,885 shares of the bank’s stock valued at $1,795,000 after buying an additional 1,536 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Ohio Valley Banc by 44.6% in the 4th quarter. Wells Fargo & Company MN now owns 4,372 shares of the bank’s stock valued at $175,000 after buying an additional 1,348 shares in the last quarter. 22.06% of the stock is currently owned by hedge funds and other institutional investors.

Ohio Valley Banc Trading Up 0.5%

NASDAQ OVBC opened at $48.21 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $227.07 million, a PE ratio of 14.70 and a beta of 0.02. Ohio Valley Banc Corp. has a one year low of $27.50 and a one year high of $51.25. The firm’s fifty day moving average is $46.58 and its two-hundred day moving average is $43.30.

Ohio Valley Banc (NASDAQ:OVBC) last posted its quarterly earnings data on Tuesday, April 28th. The bank reported $0.91 EPS for the quarter. Ohio Valley Banc had a return on equity of 9.29% and a net margin of 16.05%.The firm had revenue of $18.18 million during the quarter.

Ohio Valley Banc Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, May 10th. Shareholders of record on Friday, April 24th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, April 24th. This is a positive change from Ohio Valley Banc’s previous quarterly dividend of $0.23. Ohio Valley Banc’s payout ratio is 30.49%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Ohio Valley Banc from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

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.