Ohio Valley Banc Corp. (NASDAQ:OVBC) Sees Significant Decline in Short Interest

Ohio Valley Banc Corp. (NASDAQ:OVBC - Get Free Report) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 16,600 shares, a drop of 19.4% from the March 31st total of 20,600 shares. Approximately 0.4% of the company's shares are short sold. Based on an average daily trading volume, of 3,000 shares, the short-interest ratio is presently 5.5 days.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Ohio Valley Banc in a research note on Wednesday. They issued a "hold" rating on the stock.

Institutional Trading of Ohio Valley Banc

An institutional investor recently raised its position in Ohio Valley Banc stock. Abundance Wealth Counselors grew its position in Ohio Valley Banc Corp. (NASDAQ:OVBC - Free Report) by 0.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 94,909 shares of the bank's stock after buying an additional 800 shares during the period. Ohio Valley Banc accounts for about 0.6% of Abundance Wealth Counselors' portfolio, making the stock its 29th largest position. Abundance Wealth Counselors owned approximately 1.99% of Ohio Valley Banc worth $2,183,000 at the end of the most recent reporting period. 22.06% of the stock is currently owned by institutional investors and hedge funds.

Ohio Valley Banc Price Performance

NASDAQ OVBC remained flat at $23.50 during trading on Friday. 15 shares of the company's stock were exchanged, compared to its average volume of 1,906. 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 $112.57 million, a price-to-earnings ratio of 9.75 and a beta of 0.11. The company has a 50-day simple moving average of $24.12 and a 200 day simple moving average of $23.79. Ohio Valley Banc has a 1-year low of $21.67 and a 1-year high of $25.95.

Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last posted its earnings results on Thursday, January 25th. The bank reported $0.68 EPS for the quarter. The business had revenue of $14.90 million for the quarter. Ohio Valley Banc had a net margin of 14.70% and a return on equity of 8.25%.

Ohio Valley Banc Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend is Thursday, April 25th. Ohio Valley Banc's dividend payout ratio (DPR) is 36.51%.

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.