Ohio Valley Banc (NASDAQ:OVBC) Now Covered by StockNews.com

Posted by Denise Randall on Jan 30th, 2025

StockNews.com initiated coverage on shares of Ohio Valley Banc (NASDAQ:OVBC – Free Report) in a report issued on Wednesday. The firm issued a hold rating on the bank’s stock.

Ohio Valley Banc Stock Performance

NASDAQ:OVBC opened at $23.50 on Wednesday. The business’s fifty day moving average is $25.08 and its 200 day moving average is $24.28. The firm has a market cap of $110.69 million, a price-to-earnings ratio of 9.51 and a beta of 0.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.89. Ohio Valley Banc has a 52-week low of $19.35 and a 52-week high of $28.00.

Ohio Valley Banc (NASDAQ:OVBC – Get Free Report) last posted its earnings results on Tuesday, January 28th. The bank reported $0.53 earnings per share for the quarter. Ohio Valley Banc had a net margin of 13.66% and a return on equity of 7.97%.

Ohio Valley Banc Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 24th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, January 24th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.74%. Ohio Valley Banc’s dividend payout ratio (DPR) is presently 35.63%.

Institutional Investors Weigh In On Ohio Valley Banc

A hedge fund recently bought a new stake in Ohio Valley Banc stock. Fourthstone LLC acquired a new position in Ohio Valley Banc Corp. (NASDAQ:OVBC – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,987 shares of the bank’s stock, valued at approximately $412,000. Fourthstone LLC owned approximately 0.36% of Ohio Valley Banc at the end of the most recent quarter. 22.06% of the stock is owned by institutional investors.

About Ohio Valley Banc

(Get Free Report)

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.