Ohio Valley Banc (NASDAQ:OVBC) Earns Buy (B) Rating from Weiss Ratings

Key Points

• Ohio Valley Banc's stock was given a reiteration of a "buy (B)" rating by Weiss Ratings, indicating a positive outlook for investors.
• Conversely, Wall Street Zen downgraded the bank's stock from a "buy" rating to a "hold" rating, suggesting a more cautious approach.
• Ohio Valley Banc reported earnings of $0.89 per share for the latest quarter, with a net margin of 14.81% and revenue of $17.38 million.

Ohio Valley Banc (NASDAQ:OVBC - Get Free Report)'s stock had its "buy (b)" rating reiterated by equities research analysts at Weiss Ratings in a research report issued on Saturday,Weiss Ratings reports.

Separately, Wall Street Zen lowered Ohio Valley Banc from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy".

Ohio Valley Banc Price Performance

NASDAQ:OVBC opened at $35.93 on Friday. The firm has a market capitalization of $169.23 million, a price-to-earnings ratio of 12.22 and a beta of 0.05. Ohio Valley Banc has a 52-week low of $21.86 and a 52-week high of $40.99. The stock has a fifty day moving average of $36.57 and a 200 day moving average of $34.79. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.90 and a current ratio of 0.90.

Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The bank reported $0.89 earnings per share (EPS) for the quarter. The company had revenue of $17.38 million during the quarter. Ohio Valley Banc had a return on equity of 8.95% and a net margin of 14.81%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. AA Financial Advisors LLC increased its holdings in shares of Ohio Valley Banc by 398.6% in the third quarter. AA Financial Advisors LLC now owns 33,828 shares of the bank's stock worth $1,251,000 after buying an additional 27,043 shares during the period. Bridgeway Capital Management LLC increased its holdings in shares of Ohio Valley Banc by 2.5% in the second quarter. Bridgeway Capital Management LLC now owns 33,312 shares of the bank's stock worth $1,074,000 after buying an additional 810 shares during the period. Bank of America Corp DE increased its holdings in shares of Ohio Valley Banc by 104.0% in the second quarter. Bank of America Corp DE now owns 3,336 shares of the bank's stock worth $108,000 after buying an additional 1,701 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Ohio Valley Banc in the second quarter worth about $67,000. Finally, Fourthstone LLC purchased a new position in shares of Ohio Valley Banc in the second quarter worth about $527,000. 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.

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