Ohio Valley Banc (NASDAQ:OVBC) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Ohio Valley Banc Corp. (NASDAQ:OVBC - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.72 and traded as high as $38.90. Ohio Valley Banc shares last traded at $38.82, with a volume of 7,022 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Ohio Valley Banc in a research note on Tuesday, March 18th. They issued a "hold" rating for the company.

Ohio Valley Banc Trading Up 5.0%

The company has a 50 day moving average of $32.29 and a 200 day moving average of $27.80. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $182.88 million, a price-to-earnings ratio of 16.73 and a beta of 0.15.

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. Ohio Valley Banc had a return on equity of 7.44% and a net margin of 12.37%. The firm had revenue of $16.79 million during the quarter.

Ohio Valley Banc Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, May 10th. Shareholders of record on Friday, April 25th were paid a $0.23 dividend. The ex-dividend date was Friday, April 25th. This is an increase from Ohio Valley Banc's previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.37%. Ohio Valley Banc's dividend payout ratio (DPR) is 34.33%.

Institutional Trading of Ohio Valley Banc

A hedge fund recently raised its stake in Ohio Valley Banc stock. Fourthstone LLC grew its stake in Ohio Valley Banc Corp. (NASDAQ:OVBC - Free Report) by 195.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,132 shares of the bank's stock after acquiring an additional 33,145 shares during the quarter. Fourthstone LLC owned about 1.06% of Ohio Valley Banc worth $1,214,000 as of its most recent SEC filing. 22.06% of the stock is currently owned by institutional investors.

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.

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