Ohio Valley Banc (NASDAQ:OVBC) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a report released on Monday. The firm set a “hold” rating on the bank’s stock.

Ohio Valley Banc Price Performance

OVBC stock opened at $30.12 on Monday. The stock’s 50 day moving average price is $25.57 and its 200 day moving average price is $25.07. The firm has a market cap of $141.90 million, a P/E ratio of 12.98 and a beta of -0.09. 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 1 year low of $19.35 and a 1 year high of $32.81.

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

Hedge Funds Weigh In On Ohio Valley Banc

Several institutional investors and hedge funds have recently modified their holdings of OVBC. Dimensional Fund Advisors LP grew its stake in Ohio Valley Banc by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank’s stock worth $2,205,000 after acquiring an additional 1,099 shares during the period. Fourthstone LLC boosted its holdings in shares of Ohio Valley Banc by 195.1% during the fourth quarter. Fourthstone LLC now owns 50,132 shares of the bank’s stock worth $1,214,000 after purchasing an additional 33,145 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of Ohio Valley Banc in the third quarter valued at $204,000. Hedge funds and other 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.