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

Key Points

• Ohio Valley Banc's stock passed above its 200‑day moving average, trading as high as $44.95 and last at $44.75 versus the 200‑day MA of $40.93 (volume 5,262), a common technical bullish signal.
• The bank increased its quarterly dividend to $0.25 (from $0.23), implying a $1.00 annualized payout and a 2.2% yield with a 30.49% payout ratio; the record date was Apr 24 and payment on May 10.
• Analyst and fundamentals snapshot: Weiss Ratings restated a "Buy" and MarketBeat shows a consensus "Buy"; the company reported Q1 EPS of $0.91, a market cap of ~$210.8M, P/E of 13.64, ROE 9.38% and net margin 16.05%.

Ohio Valley Banc Corp. (NASDAQ:OVBC - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $40.93 and traded as high as $44.95. Ohio Valley Banc shares last traded at $44.75, with a volume of 5,262 shares trading hands.

Analyst Ratings Changes

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

Ohio Valley Banc Stock Performance

The company has a debt-to-equity ratio of 0.31, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market cap of $210.77 million and a price-to-earnings ratio of 13.64. The company has a fifty day moving average price of $43.75 and a two-hundred day moving average price of $40.93.

Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The bank reported $0.91 earnings per share for the quarter. Ohio Valley Banc had a return on equity of 9.38% and a net margin of 16.05%.The business had revenue of $18.18 million during the quarter.

Ohio Valley Banc Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, May 10th. Stockholders of record on Friday, April 24th will be issued a dividend of $0.25 per share. This is a positive change from Ohio Valley Banc's previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, April 24th. Ohio Valley Banc's dividend payout ratio (DPR) is currently 30.49%.

Institutional Investors Weigh In On Ohio Valley Banc

Several hedge funds have recently modified their holdings of the stock. Deutsche Bank AG lifted its holdings in shares of Ohio Valley Banc by 25.1% during the fourth quarter. Deutsche Bank AG now owns 2,285 shares of the bank's stock valued at $91,000 after purchasing an additional 458 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Ohio Valley Banc by 20.0% during the fourth quarter. Royal Bank of Canada now owns 3,019 shares of the bank's stock valued at $120,000 after purchasing an additional 503 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Ohio Valley Banc by 6.4% during the first quarter. Empowered Funds LLC now owns 9,302 shares of the bank's stock valued at $242,000 after purchasing an additional 558 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in shares of Ohio Valley Banc by 5.9% during the fourth quarter. Ritholtz Wealth Management now owns 13,372 shares of the bank's stock valued at $535,000 after purchasing an additional 745 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its holdings in shares of Ohio Valley Banc by 2.5% during the second 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. 22.06% of the stock is owned by hedge funds and other institutional investors.

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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