Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.
Ohio Valley Banc Trading Up 1.3%
Shares of Ohio Valley Banc stock traded up $0.44 during trading hours on Friday, reaching $34.31. The stock had a trading volume of 9,960 shares, compared to its average volume of 9,850. The firm has a 50 day simple moving average of $33.59 and a two-hundred day simple moving average of $29.56. The firm has a market capitalization of $161.60 million, a price-to-earnings ratio of 12.80 and a beta of 0.11. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.30. Ohio Valley Banc has a 1 year low of $19.60 and a 1 year high of $40.99.
Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The bank reported $0.94 EPS for the quarter. The company had revenue of $16.79 million for the quarter. Ohio Valley Banc had a return on equity of 8.35% and a net margin of 13.86%.
Institutional Investors Weigh In On Ohio Valley Banc
A number of institutional investors have recently modified their holdings of OVBC. Fourthstone LLC grew its stake in Ohio Valley Banc by 195.1% in the fourth quarter. Fourthstone LLC now owns 50,132 shares of the bank's stock worth $1,214,000 after purchasing an additional 33,145 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Ohio Valley Banc in the 1st quarter worth approximately $232,000. Dimensional Fund Advisors LP grew its position in shares of Ohio Valley Banc by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank's stock worth $2,205,000 after acquiring an additional 1,099 shares in the last quarter. Finally, Empowered Funds LLC grew its position in shares of Ohio Valley Banc by 6.4% in the 1st quarter. Empowered Funds LLC now owns 9,302 shares of the bank's stock worth $242,000 after acquiring an additional 558 shares in the last quarter. Institutional investors and hedge funds 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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