Ohio Valley Banc (NASDAQ:OVBC) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Ohio Valley Banc's stock price has crossed above its 200-day moving average, closing at $37.21, indicating potential positive momentum.
• Wall Street analyst firm Wall Street Zen downgraded Ohio Valley Banc from a "buy" to a "hold" rating recently.
• The company announced a quarterly dividend of $0.23, representing an annual yield of 2.5% and a dividend payout ratio of 31.29%.

Ohio Valley Banc Corp. (NASDAQ:OVBC - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $33.42 and traded as high as $37.64. Ohio Valley Banc shares last traded at $37.21, with a volume of 4,452 shares.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Ohio Valley Banc from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th.

Ohio Valley Banc Stock Performance

The company has a market capitalization of $183.45 million, a price-to-earnings ratio of 13.25 and a beta of 0.10. The stock has a 50 day simple moving average of $35.48 and a 200 day simple moving average of $33.53. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.28.

Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last posted its earnings results on Friday, July 25th. The bank reported $0.89 earnings per share (EPS) for the quarter. The firm had revenue of $17.38 million during the quarter. Ohio Valley Banc had a net margin of 14.81% and a return on equity of 8.95%.

Ohio Valley Banc Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, August 10th. Investors of record on Friday, July 25th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, July 25th. Ohio Valley Banc's dividend payout ratio is currently 31.29%.

Institutional Investors Weigh In On Ohio Valley Banc

Several hedge funds and other institutional investors have recently made changes to their positions in OVBC. Geode Capital Management LLC lifted its stake in shares of Ohio Valley Banc by 119.1% in the second quarter. Geode Capital Management LLC now owns 87,940 shares of the bank's stock valued at $2,835,000 after buying an additional 47,796 shares during the period. 49 Wealth Management LLC bought a new position in shares of Ohio Valley Banc in the second quarter worth about $1,540,000. Prosperity Consulting Group LLC acquired a new position in Ohio Valley Banc during the 2nd quarter worth $1,301,000. Bridgeway Capital Management LLC boosted its stake in shares of Ohio Valley Banc by 2.5% in the 2nd quarter. Bridgeway Capital Management LLC now owns 33,312 shares of the bank's stock valued at $1,074,000 after purchasing an additional 810 shares during the last quarter. Finally, Fourthstone LLC acquired a new position in shares of Ohio Valley Banc in the 2nd quarter valued at $527,000. 22.06% of the stock is owned by institutional investors and hedge funds.

About Ohio Valley Banc

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.