Ohio Valley Banc Corp. (NASDAQ:OVBC) Shares Purchased by Fourthstone LLC

Fourthstone LLC increased its holdings in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC - Free Report) by 195.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 50,132 shares of the bank's stock after acquiring an additional 33,145 shares during the period. Fourthstone LLC owned about 1.06% of Ohio Valley Banc worth $1,214,000 at the end of the most recent quarter.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Ohio Valley Banc in a report on Tuesday, March 18th. They set a "hold" rating on the stock.

Ohio Valley Banc Trading Down 0.6 %

Ohio Valley Banc stock traded down $0.23 during midday trading on Tuesday, hitting $38.68. 13,164 shares of the stock were exchanged, compared to its average volume of 6,461. The stock's 50-day simple moving average is $29.52 and its 200 day simple moving average is $26.29. Ohio Valley Banc Corp. has a fifty-two week low of $19.35 and a fifty-two week high of $40.99. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $182.20 million, a price-to-earnings ratio of 16.73 and a beta of 0.06.

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

Ohio Valley Banc Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, May 10th. Shareholders of record on Friday, April 25th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.38%. This is a positive change from Ohio Valley Banc's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, April 25th. Ohio Valley Banc's dividend payout ratio is 39.66%.

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.