StockNews.com initiated coverage on shares of Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) in a research report issued to clients and investors on Monday. The firm set a "hold" rating on the bank's stock.
Ohio Valley Banc Trading Up 0.4 %
Shares of NASDAQ:OVBC traded up $0.10 on Monday, hitting $23.40. 404 shares of the company's stock were exchanged, compared to its average volume of 3,181. Ohio Valley Banc has a 12 month low of $21.67 and a 12 month high of $25.95. The stock has a market capitalization of $112.09 million, a price-to-earnings ratio of 8.79 and a beta of 0.11. The business's 50 day simple moving average is $24.41 and its two-hundred day simple moving average is $23.85. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.95.
Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last posted its earnings results on Thursday, January 25th. The bank reported $0.68 earnings per share (EPS) for the quarter. Ohio Valley Banc had a return on equity of 9.08% and a net margin of 16.96%. The company had revenue of $14.90 million for the quarter.
Institutional Trading of Ohio Valley Banc
A number of large investors have recently modified their holdings of the stock. Bank of America Corp DE acquired a new stake in shares of Ohio Valley Banc during the first quarter worth about $38,000. Bank of New York Mellon Corp purchased a new position in shares of Ohio Valley Banc during the first quarter valued at approximately $201,000. Northern Trust Corp lifted its stake in shares of Ohio Valley Banc by 8.0% during the second quarter. Northern Trust Corp now owns 11,872 shares of the bank's stock valued at $288,000 after buying an additional 877 shares during the period. State Street Corp lifted its stake in shares of Ohio Valley Banc by 12.4% during the first quarter. State Street Corp now owns 11,129 shares of the bank's stock valued at $336,000 after buying an additional 1,224 shares during the period. Finally, CI Private Wealth LLC purchased a new position in shares of Ohio Valley Banc during the fourth quarter valued at approximately $816,000. Hedge funds and other institutional investors own 22.06% of the company's stock.
About Ohio Valley Banc
(
Get Free Report)
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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