Susquehanna International Group LLP Takes Position in Ohio Valley Banc Corp. $OVBC

Key Points

• Susquehanna International Group established a new 103,620-share position in Ohio Valley Banc, valued at approximately $4.5 million and representing 2.2% of the company. Institutional investors collectively own 22.06% of OVBC.
• Ohio Valley Banc reported quarterly EPS of $0.62 on $18.58 million in revenue, with an 8.37% return on equity and a 14.31% net margin.
• The bank paid a quarterly dividend of $0.25 per share, equivalent to $1.00 annually and a 2.2% yield; MarketBeat lists the stock’s average analyst rating as “Buy,” although Weiss Ratings slightly downgraded its rating.

Susquehanna International Group LLP purchased a new position in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 103,620 shares of the bank's stock, valued at approximately $4,500,000. Susquehanna International Group LLP owned 2.20% of Ohio Valley Banc at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kestra Advisory Services LLC purchased a new position in Ohio Valley Banc during the 4th quarter worth $55,000. GAMMA Investing LLC lifted its stake in shares of Ohio Valley Banc by 2,993.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,516 shares of the bank's stock worth $66,000 after acquiring an additional 1,467 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of Ohio Valley Banc in the second quarter valued at about $58,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Ohio Valley Banc in the second quarter valued at about $67,000. Finally, Deutsche Bank AG increased its stake in shares of Ohio Valley Banc by 25.1% during the fourth quarter. Deutsche Bank AG now owns 2,285 shares of the bank's stock worth $91,000 after acquiring an additional 458 shares during the period. 22.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Ohio Valley Banc from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, August 14th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy".

Ohio Valley Banc Stock Performance

Shares of OVBC stock opened at $45.58 on Monday. The stock has a fifty day moving average price of $43.79 and a 200 day moving average price of $44.56. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $214.68 million, a PE ratio of 15.14 and a beta of 0.04. Ohio Valley Banc Corp. has a 1 year low of $32.97 and a 1 year high of $54.96.

Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last released its quarterly earnings results on Monday, July 27th. The bank reported $0.62 earnings per share (EPS) for the quarter. The business had revenue of $18.58 million during the quarter. Ohio Valley Banc had a return on equity of 8.37% and a net margin of 14.31%.

Ohio Valley Banc Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Friday, July 24th were given a dividend of $0.25 per share. The ex-dividend date was Friday, July 24th. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%. Ohio Valley Banc's payout ratio is presently 33.22%.

About Ohio Valley Banc

Ohio Valley Banc Corp is a bank holding company headquartered in Wheeling, West Virginia, operating through its principal subsidiary, The Ohio Valley Bank. As a locally focused financial institution, the company delivers a range of banking and financial solutions designed to meet the needs of individual, small business and commercial clients across its service area.

Through its subsidiary, Ohio Valley Banc offers traditional banking products including checking and savings accounts, certificates of deposit and consumer and residential mortgage loans.

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