Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.
Ohio Valley Banc Stock Down 0.4%
Shares of Ohio Valley Banc stock opened at $31.11 on Friday. The business's fifty day moving average price is $33.93 and its two-hundred day moving average price is $28.97. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $146.56 million, a P/E ratio of 13.41 and a beta of 0.15. Ohio Valley Banc has a 1-year low of $19.35 and a 1-year high of $40.99.
Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last announced its earnings results on Friday, April 25th. The bank reported $0.94 earnings per share for the quarter. The firm had revenue of $16.79 million for the quarter. Ohio Valley Banc had a return on equity of 7.44% and a net margin of 12.37%.
Institutional Trading of Ohio Valley Banc
Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC bought a new stake in shares of Ohio Valley Banc in the 1st quarter worth $232,000. Empowered Funds LLC raised its stake 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 buying an additional 558 shares in the last quarter. Fourthstone LLC raised its stake 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 worth $1,214,000 after buying an additional 33,145 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake 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 buying an additional 1,099 shares in the last quarter. Institutional investors 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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