Ohio Valley Banc (NASDAQ:OVBC) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Ohio Valley Banc (NASDAQ:OVBCGet Free Report) in a report released on Tuesday. The brokerage set a “hold” rating on the bank’s stock.

Ohio Valley Banc Stock Performance

Ohio Valley Banc stock opened at $23.11 on Tuesday. Ohio Valley Banc has a fifty-two week low of $19.35 and a fifty-two week high of $28.00. 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 cap of $108.85 million, a P/E ratio of 9.36 and a beta of 0.08. The firm’s fifty day moving average price is $25.33 and its 200-day moving average price is $24.21.

Ohio Valley Banc (NASDAQ:OVBCGet Free Report) last released its quarterly earnings results on Monday, October 28th. The bank reported $0.58 earnings per share for the quarter. Ohio Valley Banc had a return on equity of 7.97% and a net margin of 13.66%. The business had revenue of $22.26 million for the quarter. During the same quarter in the previous year, the business earned $0.47 EPS.

Hedge Funds Weigh In On Ohio Valley Banc

An institutional investor recently bought a new position in Ohio Valley Banc stock. Fourthstone LLC acquired a new stake in shares of Ohio Valley Banc Corp. (NASDAQ:OVBCFree Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 16,987 shares of the bank’s stock, valued at approximately $412,000. Fourthstone LLC owned about 0.36% of Ohio Valley Banc at the end of the most recent quarter. 22.06% of the stock is owned by hedge funds and other institutional investors.

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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