Ohio Valley Banc (NASDAQ:OVBC) Shares Pass Above 200 Day Moving Average of $23.83

Ohio Valley Banc Corp. (NASDAQ:OVBC - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.83 and traded as high as $24.17. Ohio Valley Banc shares last traded at $23.70, with a volume of 3,165 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Ohio Valley Banc in a research report on Tuesday. They issued a "hold" rating on the stock.

Ohio Valley Banc Stock Performance

The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $114.91 million, a PE ratio of 9.05 and a beta of 0.11. The company's 50 day simple moving average is $24.35 and its 200 day simple moving average is $23.83.

Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last posted its quarterly earnings data on Thursday, January 25th. The bank reported $0.68 EPS for the quarter. The firm had revenue of $14.90 million during the quarter. Ohio Valley Banc had a net margin of 16.96% and a return on equity of 9.08%.

Institutional Investors Weigh In On Ohio Valley Banc

Several large investors have recently modified their holdings of the stock. Bridgeway Capital Management LLC increased its stake in shares of Ohio Valley Banc by 1.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 36,051 shares of the bank's stock worth $829,000 after purchasing an additional 576 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Ohio Valley Banc by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 91,143 shares of the bank's stock worth $2,096,000 after buying an additional 2,404 shares during the period. Abundance Wealth Counselors boosted its holdings in Ohio Valley Banc by 0.9% in the 4th quarter. Abundance Wealth Counselors now owns 94,909 shares of the bank's stock worth $2,183,000 after buying an additional 800 shares during the period. Vanguard Group Inc. boosted its holdings in Ohio Valley Banc by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 53,499 shares of the bank's stock worth $1,297,000 after buying an additional 1,538 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Ohio Valley Banc by 7.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 211,095 shares of the bank's stock worth $5,161,000 after buying an additional 15,323 shares during the period. Hedge funds and other institutional investors own 22.06% of the company's stock.

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.