Ohio Valley Banc (NASDAQ:OVBC) Share Price Passes Below 200-Day Moving Average - Should You Sell?

Ohio Valley Banc Corp. (NASDAQ:OVBC - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.

Analyst Ratings Changes

Separately, Wall Street Zen cut Ohio Valley Banc from a "buy" rating to a "hold" rating in a research report on Sunday, June 15th.

Ohio Valley Banc Stock Performance

The company has a market cap of $134.94 million, a PE ratio of 10.69 and a beta of 0.12. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.90 and a quick ratio of 0.90. The business has a 50-day moving average of $34.33 and a 200 day moving average of $29.26.

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

Ohio Valley Banc Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, May 10th. Shareholders of record on Friday, April 25th were given a $0.23 dividend. This is a boost from Ohio Valley Banc's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, April 25th. This represents a $0.92 dividend on an annualized basis and a yield of 3.21%. Ohio Valley Banc's dividend payout ratio is presently 34.33%.

Institutional Trading of Ohio Valley Banc

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new stake in Ohio Valley Banc in the first quarter worth about $232,000. Empowered Funds LLC increased its position in Ohio Valley Banc by 6.4% in the first 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. Dimensional Fund Advisors LP increased its position in Ohio Valley Banc by 1.2% in the fourth 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. Finally, Fourthstone LLC increased its position in Ohio Valley Banc by 195.1% in the fourth 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. Hedge funds and other institutional investors 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.

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