Ohio Valley Banc (NASDAQ:OVBC) Shares Pass Above 200 Day Moving Average - Time to 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 report on Tuesday, March 18th. They issued a "hold" rating on the stock.

Ohio Valley Banc Stock Performance

The stock has a 50-day moving average of $32.67 and a 200-day moving average of $28.10. 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 firm has a market cap of $167.88 million, a price-to-earnings ratio of 15.36 and a beta of 0.15.

Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The bank reported $0.94 earnings per share (EPS) for the quarter. Ohio Valley Banc had a return on equity of 7.44% and a net margin of 12.37%. The business had revenue of $16.79 million for the quarter.

Ohio Valley Banc Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, May 10th. Investors of record on Friday, April 25th were issued a $0.23 dividend. This is a positive change from Ohio Valley Banc's previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend was Friday, April 25th. Ohio Valley Banc's payout ratio is presently 34.33%.

Institutional Investors Weigh In On Ohio Valley Banc

Several large investors have recently made changes to their positions in OVBC. Empowered Funds LLC increased its holdings in shares of Ohio Valley Banc by 6.4% during the 1st 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. Fourthstone LLC raised its stake in Ohio Valley Banc by 195.1% in the 4th quarter. Fourthstone LLC now owns 50,132 shares of the bank's stock valued at $1,214,000 after purchasing an additional 33,145 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Ohio Valley Banc by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank's stock valued at $2,205,000 after purchasing an additional 1,099 shares in the last quarter. 22.06% of the stock is owned by institutional investors.

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.