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 on Sunday. The firm set a “hold” rating on the bank’s stock.

Ohio Valley Banc Trading Up 1.5 %

Shares of NASDAQ:OVBC opened at $24.63 on Friday. The company has a market capitalization of $115.98 million, a PE ratio of 9.97 and a beta of 0.03. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.35. Ohio Valley Banc has a 12-month low of $19.35 and a 12-month high of $25.50. The business’s fifty day simple moving average is $23.93 and its 200-day simple moving average is $23.16.

Ohio Valley Banc (NASDAQ:OVBC) last issued its quarterly earnings data on Monday, October 28th. The bank reported $0.58 earnings per share for the quarter. The company had revenue of $22.26 million for the quarter. Ohio Valley Banc had a return on equity of 8.06% and a net margin of 13.66%. During the same period in the previous year, the business earned $0.47 EPS.

Institutional Investors Weigh In On Ohio Valley Banc

An institutional investor recently bought a new position in Ohio Valley Banc stock. Empowered Funds LLC acquired a new stake in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned about 0.18% of Ohio Valley Banc at the end of the most recent quarter. Institutional investors own 22.06% of the company’s stock.

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.