Weiss Ratings Reaffirms Buy (B) Rating for Ohio Valley Banc (NASDAQ:OVBC)

Key Points

• Weiss Ratings has reaffirmed a "buy (B)" rating for Ohio Valley Banc's stock, indicating positive sentiment around the company's performance.
• In contrast, Wall Street Zen has downgraded Ohio Valley Banc's shares from a "buy" rating to a "hold" rating, suggesting mixed views among analysts.
• Ohio Valley Banc reported earnings of $0.89 per share for its recent quarter, showcasing solid financial performance amidst fluctuating analyst opinions.

Ohio Valley Banc (NASDAQ:OVBC - Get Free Report)'s stock had its "buy (b)" rating reissued by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen cut shares of Ohio Valley Banc from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy".

Ohio Valley Banc Stock Performance

NASDAQ OVBC opened at $35.91 on Wednesday. The stock has a market cap of $169.14 million, a P/E ratio of 12.21 and a beta of 0.05. The company's 50-day simple moving average is $36.20 and its 200 day simple moving average is $34.08. Ohio Valley Banc has a twelve month low of $21.86 and a twelve month high of $40.99. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.28.

Ohio Valley Banc (NASDAQ:OVBC - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The bank reported $0.89 earnings per share for the quarter. The firm had revenue of $17.38 million for the quarter. Ohio Valley Banc had a net margin of 14.81% and a return on equity of 8.95%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. AA Financial Advisors LLC bought a new position in Ohio Valley Banc in the second quarter valued at $219,000. Geode Capital Management LLC grew its position in Ohio Valley Banc by 119.1% in the second quarter. Geode Capital Management LLC now owns 87,940 shares of the bank's stock valued at $2,835,000 after purchasing an additional 47,796 shares in the last quarter. Bridgeway Capital Management LLC grew its position in Ohio Valley Banc by 2.5% in 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 in the last quarter. Empowered Funds LLC grew its position in 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 in the last quarter. Finally, Jane Street Group LLC bought a new position in Ohio Valley Banc in the first quarter valued at $232,000. Institutional investors own 22.06% of the company's stock.

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.

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