Ohio Valley Banc (NASDAQ:OVBC) Stock Passes Above Two Hundred Day Moving Average - Here's Why

Ohio Valley Banc Corp. (NASDAQ:OVBC - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.58 and traded as high as $35.19. Ohio Valley Banc shares last traded at $34.65, with a volume of 6,229 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Ohio Valley Banc from a "hold" rating to a "buy" rating in a research note on Monday, May 19th.

Ohio Valley Banc Price Performance

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 $155.46 million, a PE ratio of 14.22 and a beta of 0.15. The company's fifty day simple moving average is $33.41 and its two-hundred day simple moving average is $28.70.

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

Ohio Valley Banc Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, May 10th. Shareholders of record on Friday, April 25th were given a dividend of $0.23 per share. This is an increase from Ohio Valley Banc's previous quarterly dividend of $0.22. The ex-dividend date was Friday, April 25th. This represents a $0.92 annualized dividend and a yield of 2.79%. Ohio Valley Banc's dividend payout ratio (DPR) is presently 34.33%.

Institutional Trading of Ohio Valley Banc

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new stake in Ohio Valley Banc during the 1st quarter worth about $232,000. Empowered Funds LLC boosted its stake 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 purchasing an additional 558 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Ohio Valley Banc by 1.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank's stock worth $2,205,000 after buying an additional 1,099 shares in the last quarter. Finally, Fourthstone LLC raised its position in shares of Ohio Valley Banc by 195.1% in the fourth quarter. Fourthstone LLC now owns 50,132 shares of the bank's stock valued at $1,214,000 after buying an additional 33,145 shares during the last quarter. 22.06% of the stock is currently owned by hedge funds and other 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.