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

StockNews.com assumed coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research note issued to investors on Tuesday morning. The brokerage issued a hold rating on the bank’s stock.

Ohio Valley Banc Stock Down 0.6 %

Shares of OVBC opened at $23.50 on Tuesday. The company has a market capitalization of $112.57 million, a PE ratio of 8.87 and a beta of 0.11. Ohio Valley Banc has a 12 month low of $21.67 and a 12 month high of $25.95. The stock’s 50-day moving average price is $24.30 and its two-hundred day moving average price is $23.82. 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 data on Thursday, January 25th. The bank reported $0.68 earnings per share (EPS) for the quarter. The company had revenue of $14.90 million for the quarter. Ohio Valley Banc had a return on equity of 9.08% and a net margin of 16.96%.

Ohio Valley Banc Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Thursday, April 25th. Ohio Valley Banc’s dividend payout ratio is presently 33.21%.

Hedge Funds Weigh In On Ohio Valley Banc

Several institutional investors have recently modified their holdings of the business. Bridgeway Capital Management LLC grew its holdings in shares of Ohio Valley Banc by 1.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 36,051 shares of the bank’s stock valued at $829,000 after acquiring an additional 576 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Ohio Valley Banc by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 91,143 shares of the bank’s stock valued at $2,096,000 after purchasing an additional 2,404 shares during the last quarter. Abundance Wealth Counselors lifted its stake in Ohio Valley Banc by 0.9% in the fourth quarter. Abundance Wealth Counselors now owns 94,909 shares of the bank’s stock valued at $2,183,000 after purchasing an additional 800 shares during the last quarter. Vanguard Group Inc. lifted its stake in Ohio Valley Banc by 3.0% in 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 last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Ohio Valley Banc by 7.8% in the third quarter. The Manufacturers Life Insurance Company now owns 211,095 shares of the bank’s stock valued at $5,161,000 after purchasing an additional 15,323 shares during the last quarter. 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.