Ohio Valley Banc Corp. (NASDAQ:OVBC - Get Free Report)'s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $29.26 and traded as low as $28.47. Ohio Valley Banc shares last traded at $28.65, with a volume of 16,791 shares trading hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded Ohio Valley Banc from a "buy" rating to a "hold" rating in a report on Sunday, June 15th.
Read Our Latest Analysis on OVBC
Ohio Valley Banc Trading Up 1.3%
The firm's 50-day moving average price is $34.18 and its 200 day moving average price is $29.29. The company has a market cap of $142.15 million, a price-to-earnings ratio of 11.26 and a beta of 0.12. 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 earnings results on Friday, April 25th. The bank reported $0.94 earnings per share (EPS) 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 for the quarter.
Ohio Valley Banc Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Saturday, May 10th. Stockholders of record on Friday, April 25th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, April 25th. This is an increase from Ohio Valley Banc's previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 3.05%. Ohio Valley Banc's dividend payout ratio (DPR) is currently 34.33%.
Institutional Trading of Ohio Valley Banc
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fourthstone LLC increased its holdings in shares of Ohio Valley Banc by 195.1% during the fourth quarter. Fourthstone LLC now owns 50,132 shares of the bank's stock valued at $1,214,000 after acquiring an additional 33,145 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings 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 in the last quarter. Empowered Funds LLC grew its position in Ohio Valley Banc by 6.4% in the 1st quarter. Empowered Funds LLC now owns 9,302 shares of the bank's stock valued at $242,000 after purchasing an additional 558 shares during the period. Finally, Jane Street Group LLC bought a new stake in Ohio Valley Banc during the 1st quarter valued at $232,000. 22.06% of the stock is 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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