Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Friday.
Ohio Valley Banc Stock Performance
Shares of NASDAQ:OVBC traded up $2.05 during trading on Friday, reaching $32.23. 17,666 shares of the stock were exchanged, compared to its average volume of 9,693. Ohio Valley Banc has a 12 month low of $19.55 and a 12 month high of $40.99. The firm has a market cap of $151.80 million, a PE ratio of 12.03 and a beta of 0.12. The stock has a 50-day moving average price of $34.07 and a 200-day moving average price of $29.35. 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 issued its quarterly earnings data on Friday, April 25th. The bank reported $0.94 earnings per share (EPS) for the quarter. The company had revenue of $16.79 million during 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
Institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new stake in shares of Ohio Valley Banc in the first quarter valued at approximately $232,000. Empowered Funds LLC boosted its stake in shares of Ohio Valley Banc by 6.4% in the first quarter. Empowered Funds LLC now owns 9,302 shares of the bank's stock valued at $242,000 after buying an additional 558 shares during the period. Fourthstone LLC boosted its stake 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 buying an additional 33,145 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake 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 buying an additional 1,099 shares during the period. 22.06% of the stock is currently owned by institutional investors.
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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