Ohio Valley Banc (NASDAQ:OVBC) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Ohio Valley Banc Corp. (NASDAQ:OVBC)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $41.79 and traded as high as $47.33. Ohio Valley Banc shares last traded at $47.17, with a volume of 16,282 shares traded.

Wall Street Analysts Forecast Growth

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

Ohio Valley Banc Trading Up 0.1%

The stock has a market capitalization of $222.41 million and a P/E ratio of 14.39. The firm’s 50 day moving average price is $44.51 and its 200 day moving average price is $41.82. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.94 and a quick ratio of 0.93.

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

Ohio Valley Banc Increases Dividend

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

Hedge Funds Weigh In On Ohio Valley Banc

Institutional investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC bought a new position in Ohio Valley Banc in the fourth quarter worth about $55,000. JPMorgan Chase & Co. bought a new position in Ohio Valley Banc in the second quarter worth about $58,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Ohio Valley Banc in the second quarter worth about $67,000. Deutsche Bank AG raised its stake in Ohio Valley Banc by 25.1% in the fourth quarter. Deutsche Bank AG now owns 2,285 shares of the bank’s stock worth $91,000 after buying an additional 458 shares in the last quarter. Finally, Royal Bank of Canada raised its stake 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 worth $120,000 after buying an additional 503 shares in the last quarter. 22.06% of the stock is owned by institutional investors.

Ohio Valley Banc Company Profile

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.