Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.
Ohio Valley Banc Price Performance
OVBC traded up $1.15 during trading on Friday, reaching $32.35. The stock had a trading volume of 11,085 shares, compared to its average volume of 7,513. The firm has a market capitalization of $152.40 million, a price-to-earnings ratio of 13.94 and a beta of 0.12. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32. Ohio Valley Banc has a 1-year low of $19.35 and a 1-year high of $40.99. The stock has a 50 day moving average of $33.99 and a two-hundred day moving average of $29.01.
Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last released its earnings results on Friday, April 25th. The bank reported $0.94 earnings per share for the quarter. Ohio Valley Banc had a return on equity of 7.44% and a net margin of 12.37%. The firm had revenue of $16.79 million during the quarter.
Institutional Trading of Ohio Valley Banc
Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in Ohio Valley Banc during the 1st quarter worth about $232,000. Empowered Funds LLC raised its holdings in Ohio Valley Banc by 6.4% during the 1st quarter. Empowered Funds LLC now owns 9,302 shares of the bank's stock worth $242,000 after buying an additional 558 shares during the period. Fourthstone LLC lifted its holdings in shares of Ohio Valley Banc by 195.1% in the fourth 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Ohio Valley Banc by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank's stock valued at $2,205,000 after purchasing an additional 1,099 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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