AA Financial Advisors LLC Takes Position in Ohio Valley Banc Corp. $OVBC

Key Points

• AA Financial Advisors LLC has acquired 6,785 shares of Ohio Valley Banc Corp., valued at approximately $219,000, representing about 0.14% of the company's stock.
• Ohio Valley Banc's stock was recently downgraded from a "buy" rating to a "hold" rating by Wall Street analysts, indicating a shift in market sentiment.
• The bank announced a quarterly dividend of $0.23 per share, with a total annualized dividend of $0.92 and a yield of 2.4%.

AA Financial Advisors LLC bought a new stake in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 6,785 shares of the bank's stock, valued at approximately $219,000. AA Financial Advisors LLC owned approximately 0.14% of Ohio Valley Banc as of its most recent filing with the SEC.

Separately, Jane Street Group LLC bought a new position in Ohio Valley Banc during the 1st quarter valued at about $232,000. Hedge funds and other institutional investors own 22.06% of the company's stock.

Ohio Valley Banc Trading Up 0.6%

NASDAQ OVBC traded up $0.22 during trading on Tuesday, reaching $38.53. 1,757 shares of the stock traded hands, compared to its average volume of 13,139. The firm has a market cap of $181.48 million, a price-to-earnings ratio of 13.11 and a beta of 0.10. The stock's 50-day moving average price is $35.56 and its 200 day moving average price is $33.59. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.28. Ohio Valley Banc Corp. has a fifty-two week low of $21.86 and a fifty-two week high of $40.99.

Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The bank reported $0.89 earnings per share for the quarter. The company had revenue of $17.38 million during the quarter. Ohio Valley Banc had a net margin of 14.81% and a return on equity of 8.95%.

Ohio Valley Banc Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, August 10th. Investors of record on Friday, July 25th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, July 25th. This represents a $0.92 annualized dividend and a yield of 2.4%. Ohio Valley Banc's dividend payout ratio is presently 31.29%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Ohio Valley Banc from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th.

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.