Ohio Valley Banc (NASDAQ:OVBC) Shares Pass Above 200 Day Moving Average - Time to Sell?

Key Points

• Technical breakout: Shares passed above the 200-day moving average of $39.91, trading as high as $45.79 and last at $45.59 on a volume of 15,017 shares.
• Analyst support: Weiss Ratings reiterated a Buy (b) on March 27, and MarketBeat shows a consensus rating of "Buy" for the stock.
• Fundamentals: market cap ~$214.8M and P/E of 13.77; latest quarter EPS $0.84 on $16.6M revenue; pays a $0.23 quarterly dividend (2.0% yield, 27.8% payout) and has about 22.1% institutional ownership.

Shares of Ohio Valley Banc Corp. (NASDAQ:OVBC - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $39.91 and traded as high as $45.79. Ohio Valley Banc shares last traded at $45.59, with a volume of 15,017 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "buy (b)" rating on shares of Ohio Valley Banc in a research report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy".

Ohio Valley Banc Trading Up 0.1%

The company has a market cap of $214.77 million, a P/E ratio of 13.77 and a beta of -0.04. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $42.89 and a two-hundred day moving average price of $39.91.

Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last released its earnings results on Friday, March 13th. The bank reported $0.84 earnings per share for the quarter. The company had revenue of $16.60 million during the quarter. Ohio Valley Banc had a return on equity of 9.58% and a net margin of 16.56%.

Ohio Valley Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Friday, January 23rd were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.0%. Ohio Valley Banc's payout ratio is 27.79%.

Institutional Investors Weigh In On Ohio Valley Banc

A number of institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC grew its stake in shares of Ohio Valley Banc by 9.9% during the fourth quarter. Empowered Funds LLC now owns 12,318 shares of the bank's stock worth $492,000 after purchasing an additional 1,114 shares during the period. Bridgeway Capital Management LLC grew its stake in Ohio Valley Banc by 3.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 35,518 shares of the bank's stock valued at $1,420,000 after acquiring an additional 1,114 shares during the period. Royal Bank of Canada grew its stake in Ohio Valley Banc by 20.0% in the fourth quarter. Royal Bank of Canada now owns 3,019 shares of the bank's stock valued at $120,000 after acquiring an additional 503 shares during the period. Opal Capital LLC acquired a new position in Ohio Valley Banc in the fourth quarter valued at about $1,140,000. Finally, Barclays PLC grew its stake in Ohio Valley Banc by 36.9% in the fourth quarter. Barclays PLC now owns 7,364 shares of the bank's stock valued at $294,000 after acquiring an additional 1,983 shares during the period. 22.06% of the stock is owned by institutional investors and hedge funds.

Ohio Valley Banc Company Profile

Ohio Valley Banc Corp is a bank holding company headquartered in Wheeling, West Virginia, operating through its principal subsidiary, The Ohio Valley Bank. As a locally focused financial institution, the company delivers a range of banking and financial solutions designed to meet the needs of individual, small business and commercial clients across its service area.

Through its subsidiary, Ohio Valley Banc offers traditional banking products including checking and savings accounts, certificates of deposit and consumer and residential mortgage loans.

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