Ohio Valley Banc (NASDAQ:OVBC) Stock Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Ohio Valley Banc shares crossed above their 200-day moving average, reaching $45.42 before trading near $44.91, compared with a 200-day average of $44.85.
• Wall Street sentiment remains positive, with a consensus “Buy” rating, although Weiss Ratings downgraded the stock slightly from “buy (b)” to “buy (b-).”
• The bank reported quarterly EPS of $0.62 and revenue of $18.58 million, while maintaining a quarterly dividend of $0.25 per share, equivalent to a 2.2% annual yield.

Ohio Valley Banc Corp. (NASDAQ:OVBC - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $44.85 and traded as high as $45.42. Ohio Valley Banc shares last traded at $44.91, with a volume of 18,644 shares traded.

Wall Street Analysts Forecast Growth

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

Ohio Valley Banc Trading Up 0.1%

The business's fifty day moving average price is $44.48 and its 200 day moving average price is $44.85. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $211.53 million, a PE ratio of 14.92 and a beta of 0.04.

Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last released its earnings results on Monday, July 27th. The bank reported $0.62 EPS for the quarter. Ohio Valley Banc had a net margin of 14.31% and a return on equity of 8.37%. The firm had revenue of $18.58 million during the quarter.

Ohio Valley Banc Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Friday, July 24th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, July 24th. Ohio Valley Banc's payout ratio is 33.22%.

Institutional Trading of Ohio Valley Banc

Large investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Ohio Valley Banc during the second quarter worth about $10,672,000. The Manufacturers Life Insurance Company purchased a new position in shares of Ohio Valley Banc during the 2nd quarter valued at approximately $7,665,000. Susquehanna International Group LLP acquired a new stake in shares of Ohio Valley Banc during the second quarter worth approximately $4,500,000. Dimensional Fund Advisors LP increased its stake in shares of Ohio Valley Banc by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 95,786 shares of the bank's stock worth $4,200,000 after buying an additional 3,098 shares during the last quarter. Finally, Corient Private Wealth LP acquired a new stake in Ohio Valley Banc in the second quarter valued at $1,226,000. Institutional investors and hedge funds own 22.06% of the company's stock.

Ohio Valley Banc Company Profile

Ohio Valley Banc Corp. is a bank holding company headquartered in Gallipolis, Ohio. Through its principal subsidiary, Ohio Valley Bank, the company provides community banking services to individuals, families, farmers and businesses.

Ohio Valley Bank offers deposit products, consumer and commercial loans, residential mortgage lending, electronic banking and other traditional financial services. Its lending activities include personal, real estate, agricultural and business financing, while its banking services include checking and savings accounts, certificates of deposit, online banking and related payment services.

Founded in 1872, Ohio Valley Banc Corp.

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