Shares of Ohio Valley Banc Corp. (NASDAQ:OVBC - Get Free Report) 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.
Analysts Set New Price Targets
Separately, Wall Street Zen raised Ohio Valley Banc from a "hold" rating to a "buy" rating in a report on Monday, May 19th.
Check Out Our Latest Stock Report on OVBC
Ohio Valley Banc Stock Performance
The company has a market capitalization of $153.81 million, a price-to-earnings ratio of 14.07 and a beta of 0.15. The stock has a fifty day moving average price of $33.50 and a two-hundred day moving average price of $28.78. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32.
Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The bank reported $0.94 earnings per share for the quarter. Ohio Valley Banc had a return on equity of 7.44% and a net margin of 12.37%. The company 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. Stockholders of record on Friday, April 25th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.82%. This is a boost from Ohio Valley Banc's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, April 25th. Ohio Valley Banc's payout ratio is 34.33%.
Hedge Funds Weigh In On Ohio Valley Banc
A number of institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new stake in shares of Ohio Valley Banc in the first quarter valued at $232,000. Empowered Funds LLC grew its position in shares of Ohio Valley Banc by 6.4% in 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 period. Dimensional Fund Advisors LP grew its position in shares of Ohio Valley Banc by 1.2% in the fourth 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 during the period. Finally, Fourthstone LLC grew 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 purchasing an additional 33,145 shares during the period. 22.06% of the stock is owned by institutional investors and hedge funds.
About Ohio Valley Banc
(
Get Free Report)
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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