Ohio Valley Banc (NASDAQ:OVBC) Stock Passes Above 200-Day Moving Average - Here's What Happened

Ohio Valley Banc Corp. (NASDAQ:OVBC - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $27.14 and traded as high as $38.75. Ohio Valley Banc shares last traded at $38.25, with a volume of 12,842 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Ohio Valley Banc in a research note on Tuesday, March 18th. They issued a "hold" rating for the company.

Ohio Valley Banc Trading Up 1.8 %

The company's fifty day moving average is $31.87 and its 200-day moving average is $27.40. 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 $168.18 million, a PE ratio of 15.39 and a beta of 0.15.

Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The bank reported $0.94 EPS 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.

Ohio Valley Banc Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, May 10th. Investors of record on Friday, April 25th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Friday, April 25th. This is a positive change from Ohio Valley Banc's previous quarterly dividend of $0.22. Ohio Valley Banc's payout ratio is 34.33%.

Hedge Funds Weigh In On Ohio Valley Banc

A hedge fund recently raised its stake in Ohio Valley Banc stock. Fourthstone LLC increased its holdings in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC - Free Report) by 195.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,132 shares of the bank's stock after buying an additional 33,145 shares during the quarter. Fourthstone LLC owned 1.06% of Ohio Valley Banc worth $1,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 22.06% of the company's stock.

Ohio Valley Banc Company Profile

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.