Susquehanna International Group LLP acquired a new stake in Ohio Valley Banc Corp. (NASDAQ:OVBC – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 103,620 shares of the bank’s stock, valued at approximately $4,500,000.
A number of other large investors have also made changes to their positions in OVBC. Kestra Advisory Services LLC purchased a new stake in Ohio Valley Banc during the 4th quarter worth about $55,000. GAMMA Investing LLC lifted its holdings in Ohio Valley Banc by 2,993.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,516 shares of the bank’s stock valued at $66,000 after purchasing an additional 1,467 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Ohio Valley Banc during the 2nd quarter worth about $58,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Ohio Valley Banc during the 2nd quarter worth about $67,000. Finally, Deutsche Bank AG grew its holdings in shares of Ohio Valley Banc by 25.1% during the fourth quarter. Deutsche Bank AG now owns 2,285 shares of the bank’s stock worth $91,000 after buying an additional 458 shares in the last quarter. Institutional investors and hedge funds own 22.06% of the company’s stock.
Analyst Ratings Changes
Separately, Weiss Ratings lowered shares of Ohio Valley Banc from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Ohio Valley Banc has an average rating of “Buy”.
Ohio Valley Banc Trading Down 0.0%
NASDAQ OVBC opened at $45.58 on Monday. The company has a market cap of $214.68 million, a P/E ratio of 15.14 and a beta of 0.04. Ohio Valley Banc Corp. has a 12 month low of $32.97 and a 12 month high of $54.96. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.93 and a quick ratio of 0.93. The company has a 50-day moving average of $43.79 and a 200-day moving average of $44.56.
Ohio Valley Banc (NASDAQ:OVBC – Get Free Report) last released its earnings results on Monday, July 27th. The bank reported $0.62 earnings per share (EPS) for the quarter. The firm had revenue of $18.58 million during the quarter. Ohio Valley Banc had a net margin of 14.31% and a return on equity of 8.37%.
Ohio Valley Banc Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Friday, July 24th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, July 24th. Ohio Valley Banc’s dividend payout ratio is presently 33.22%.
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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