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


Stock analysts at StockNews.com initiated coverage on shares of Ohio Valley Banc (NASDAQ: OVBC – Get Rating) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the bank’s stock.

OVBC opened at $ 29.75 on Friday. Ohio Valley Banc has a 52 week low of $ 23.87 and a 52 week high of $ 32.29. The business has a 50 day moving average price of $ 30.26 and a two-hundred day moving average price of $ 30.22. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.20. The company has a market cap of $ 141.91 million, a PE ratio of 11.53 and a beta of 0.23.

Ohio Valley Banc (NASDAQ: OVBC – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The bank reported $ 0.87 earnings per share for the quarter. Ohio Valley Banc had a return on equity of 8.83% and a net margin of 22.62%. The company had revenue of $ 13.71 million during the quarter.

A number of hedge funds and other institutional investors have recently bought and sold shares of OVBC. Vanguard Group Inc. boosted its holdings in Ohio Valley Banc by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 155,128 shares of the bank’s stock valued at $ 4,654,000 after purchasing an additional 1,044 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Ohio Valley Banc by 7.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 122,161 shares of the bank’s stock valued at $ 3,689,000 after buying an additional 8,218 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Ohio Valley Banc by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 77,454 shares of the bank’s stock valued at $ 2,339,000 after buying an additional 394 shares during the period. Abundance Wealth Counselors acquired a new stake in shares of Ohio Valley Banc in the 1st quarter valued at approximately $ 1,855,000. Finally, Petiole USA ltd acquired a new stake in shares of Ohio Valley Banc in the 4th quarter valued at approximately $ 686,000. 13.61% of the stock is owned by hedge funds and other institutional investors.

About Ohio Valley Banc (Get Rating)

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.

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