Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Friday.
Ohio Valley Banc Trading Up 1.3%
Shares of NASDAQ:OVBC traded up $0.39 during trading on Friday, reaching $30.18. 434,467 shares of the company traded hands, compared to its average volume of 9,632. 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 52-week low of $19.50 and a 52-week high of $40.99. The firm has a market capitalization of $142.15 million, a price-to-earnings ratio of 11.26 and a beta of 0.12. The business's fifty day moving average is $34.07 and its 200-day moving average is $29.31.
Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The bank reported $0.94 earnings per share for the quarter. Ohio Valley Banc had a net margin of 13.86% and a return on equity of 8.35%. The business had revenue of $16.79 million during the quarter.
Hedge Funds Weigh In On Ohio Valley Banc
Hedge funds have recently made changes to their positions in the business. Jane Street Group LLC bought a new stake in Ohio Valley Banc in the first quarter valued at $232,000. Empowered Funds LLC raised its holdings in 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 purchasing an additional 558 shares in the last quarter. Fourthstone LLC lifted 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 worth $1,214,000 after purchasing an additional 33,145 shares during the period. Finally, Dimensional Fund Advisors LP lifted 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 purchasing an additional 1,099 shares during the period. 22.06% of the stock is owned by hedge funds and other institutional investors.
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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