Ohio Valley Banc Corp. (NASDAQ:OVBC - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $28.87 and traded as high as $32.08. Ohio Valley Banc shares last traded at $31.95, with a volume of 5,782 shares traded.
Analysts Set New Price Targets
Separately, Wall Street Zen raised Ohio Valley Banc from a "hold" rating to a "buy" rating in a research note on Saturday.
Read Our Latest Stock Report on OVBC
Ohio Valley Banc Price Performance
The stock has a 50 day moving average price of $33.93 and a 200-day moving average price of $28.97. The stock has a market capitalization of $146.56 million, a price-to-earnings ratio of 13.41 and a beta of 0.12. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89.
Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The bank reported $0.94 earnings per share for the quarter. The company had revenue of $16.79 million for the quarter. Ohio Valley Banc had a return on equity of 7.44% and a net margin of 12.37%.
Ohio Valley Banc Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Saturday, May 10th. Shareholders of record on Friday, April 25th were paid a dividend of $0.23 per share. 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 2.96%. 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 number of institutional investors and hedge funds have recently added to or reduced their stakes in OVBC. Fourthstone LLC boosted its stake in Ohio Valley Banc by 195.1% during 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 during the last quarter. Jane Street Group LLC acquired a new position in Ohio Valley Banc during the first quarter worth $232,000. Dimensional Fund Advisors LP boosted its stake in Ohio Valley Banc by 1.2% during 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 during the last quarter. Finally, Empowered Funds LLC boosted its stake in Ohio Valley Banc by 6.4% during 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 during the last quarter. Institutional investors and hedge funds own 22.06% of the company's stock.
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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