Ohio Valley Banc Corp. (NASDAQ:OVBC) Short Interest Update

Ohio Valley Banc Corp. (NASDAQ:OVBC) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 12,200 shares, an increase of 25.8% from the February 28th total of 9,700 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 10,700 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ohio Valley Banc stock. Fourthstone LLC increased its stake in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) by 195.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 50,132 shares of the bank’s stock after buying an additional 33,145 shares during the quarter. Fourthstone LLC owned about 1.06% of Ohio Valley Banc worth $1,214,000 at the end of the most recent reporting period. 22.06% of the stock is owned by institutional investors.

Ohio Valley Banc Price Performance

NASDAQ:OVBC traded up $1.44 during trading hours on Tuesday, hitting $27.49. 15,873 shares of the stock were exchanged, compared to its average volume of 5,847. The firm’s fifty day moving average price is $27.20 and its 200 day moving average price is $25.58. Ohio Valley Banc has a 52-week low of $19.35 and a 52-week high of $32.81. The company has a market cap of $129.51 million, a P/E ratio of 11.85 and a beta of -0.09. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32.

Ohio Valley Banc (NASDAQ:OVBC) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $0.53 EPS for the quarter. Ohio Valley Banc had a return on equity of 7.44% and a net margin of 12.37%.

Ohio Valley Banc Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 24th were issued a $0.22 dividend. The ex-dividend date was Friday, January 24th. This represents a $0.88 dividend on an annualized basis and a yield of 3.20%. Ohio Valley Banc’s payout ratio is 37.93%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Ohio Valley Banc in a report on Tuesday, March 18th. They issued a “hold” rating for the company.

Ohio Valley Banc Company Profile

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.