Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.
Ohio Valley Banc Price Performance
OVBC stock traded up $0.30 during trading hours on Friday, hitting $34.17. 10,560 shares of the stock traded hands, compared to its average volume of 9,945. The stock has a 50-day simple moving average of $33.46 and a 200 day simple moving average of $29.72. The company has a market cap of $160.94 million, a P/E ratio of 12.75 and a beta of 0.11. Ohio Valley Banc has a one year low of $20.52 and a one year high of $40.99. 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 (NASDAQ:OVBC - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The bank reported $0.94 earnings per share for the quarter. The company had revenue of $16.79 million during the quarter. Ohio Valley Banc had a net margin of 13.86% and a return on equity of 8.35%.
Institutional Investors Weigh In On Ohio Valley Banc
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings 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 during the last quarter. Fourthstone LLC boosted its position in shares of Ohio Valley Banc by 195.1% in the 4th quarter. Fourthstone LLC now owns 50,132 shares of the bank's stock valued at $1,214,000 after purchasing an additional 33,145 shares during the period. Empowered Funds LLC boosted 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 valued at $242,000 after purchasing an additional 558 shares during the period. Finally, Jane Street Group LLC purchased a new position in Ohio Valley Banc in the 1st quarter worth about $232,000. Institutional investors and hedge funds own 22.06% of the company's stock.
Ohio Valley Banc Company Profile
(
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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