Ohio Valley Banc Corp. (NASDAQ:OVBC – Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $43.65 and traded as high as $50.15. Ohio Valley Banc shares last traded at $44.42, with a volume of 45,690 shares changing hands.
Analyst Ratings Changes
Separately, Weiss Ratings lowered shares of Ohio Valley Banc from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.
Check Out Our Latest Report on OVBC
Ohio Valley Banc Price Performance
Ohio Valley Banc (NASDAQ:OVBC – Get Free Report) last announced its earnings results on Tuesday, April 28th. The bank reported $0.91 EPS for the quarter. Ohio Valley Banc had a net margin of 16.05% and a return on equity of 9.29%. The firm had revenue of $18.18 million for the quarter.
Ohio Valley Banc Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Sunday, May 10th. Investors of record on Friday, April 24th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, April 24th. This represents a $1.00 annualized dividend and a yield of 2.2%. This is an increase from Ohio Valley Banc’s previous quarterly dividend of $0.23. Ohio Valley Banc’s payout ratio is presently 30.49%.
Hedge Funds Weigh In On Ohio Valley Banc
A number of large investors have recently added to or reduced their stakes in the company. Opal Capital LLC bought a new stake in Ohio Valley Banc in the 4th quarter valued at approximately $1,140,000. JPMorgan Chase & Co. grew its stake in shares of Ohio Valley Banc by 66.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,999 shares of the bank’s stock worth $111,000 after acquiring an additional 1,197 shares in the last quarter. Ritholtz Wealth Management grew its stake in shares of Ohio Valley Banc by 5.9% during the 4th quarter. Ritholtz Wealth Management now owns 13,372 shares of the bank’s stock worth $535,000 after acquiring an additional 745 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Ohio Valley Banc in the fourth quarter valued at approximately $55,000. Finally, Deutsche Bank AG raised its holdings in shares of Ohio Valley Banc by 25.1% in the fourth quarter. Deutsche Bank AG now owns 2,285 shares of the bank’s stock valued at $91,000 after purchasing an additional 458 shares during the last quarter. Institutional investors own 22.06% of the company’s stock.
Ohio Valley Banc Company Profile
Ohio Valley Banc Corp is a bank holding company headquartered in Wheeling, West Virginia, operating through its principal subsidiary, The Ohio Valley Bank. As a locally focused financial institution, the company delivers a range of banking and financial solutions designed to meet the needs of individual, small business and commercial clients across its service area.
Through its subsidiary, Ohio Valley Banc offers traditional banking products including checking and savings accounts, certificates of deposit and consumer and residential mortgage loans.
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