Ohio Valley Banc (NASDAQ:OVBC) Rating Increased to Buy at StockNews.com

Ohio Valley Banc (NASDAQ:OVBC) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Ohio Valley Banc Stock Down 0.4%

OVBC stock traded down $0.13 during trading on Monday, hitting $35.66. 6,027 shares of the stock traded hands, compared to its average volume of 7,204. Ohio Valley Banc has a 1 year low of $19.35 and a 1 year high of $40.99. The firm’s 50 day moving average is $32.67 and its two-hundred day moving average is $28.10. The stock has a market cap of $167.99 million, a price-to-earnings ratio of 15.37 and a beta of 0.15. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89.

Ohio Valley Banc (NASDAQ:OVBC) last announced its quarterly earnings data on Friday, April 25th. The bank reported $0.94 EPS for the quarter. Ohio Valley Banc had a net margin of 12.37% and a return on equity of 7.44%. The company had revenue of $16.79 million for the quarter.

Institutional Trading of Ohio Valley Banc

A number of institutional investors have recently made changes to their positions in OVBC. Fourthstone LLC boosted its holdings in shares of Ohio Valley Banc by 195.1% during the 4th quarter. Fourthstone LLC now owns 50,132 shares of the bank’s stock valued at $1,214,000 after acquiring an additional 33,145 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Ohio Valley Banc during the 1st quarter valued at about $232,000. Dimensional Fund Advisors LP boosted its holdings in shares of Ohio Valley Banc by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 91,075 shares of the bank’s stock valued at $2,205,000 after acquiring an additional 1,099 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings 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 valued at $242,000 after acquiring an additional 558 shares during the last quarter. Hedge funds and other 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.