Ohio Valley Banc (NASDAQ:OVBC) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

by · The Markets Daily

Ohio Valley Banc Corp. (NASDAQ:OVBC – Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $44.85 and traded as high as $45.42. Ohio Valley Banc shares last traded at $44.91, with a volume of 18,644 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Ohio Valley Banc from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

View Our Latest Stock Analysis on Ohio Valley Banc

Ohio Valley Banc Stock Performance

The stock’s 50-day moving average is $44.52 and its 200 day moving average is $44.85. The stock has a market cap of $211.24 million, a price-to-earnings ratio of 14.90 and a beta of 0.04. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.93 and a quick ratio of 0.93.

Ohio Valley Banc (NASDAQ:OVBC – Get Free Report) last issued its earnings results on Monday, July 27th. The bank reported $0.62 earnings per share (EPS) for the quarter. The business had revenue of $18.58 million during the quarter. Ohio Valley Banc had a return on equity of 8.37% and a net margin of 14.31%.

Ohio Valley Banc Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Friday, July 24th were given a $0.25 dividend. The ex-dividend date was Friday, July 24th. This represents a $1.00 annualized dividend and a yield of 2.2%. Ohio Valley Banc’s dividend payout ratio is presently 33.22%.

Institutional Investors Weigh In On Ohio Valley Banc

Several institutional investors have recently made changes to their positions in the stock. Susquehanna International Group LLP acquired a new stake in shares of Ohio Valley Banc in the second quarter valued at about $4,500,000. Empowered Funds LLC acquired a new stake in shares of Ohio Valley Banc in the 2nd quarter worth approximately $630,000. Corient Private Wealth LP acquired a new stake in shares of Ohio Valley Banc in the 2nd quarter worth approximately $1,226,000. The Manufacturers Life Insurance Company purchased a new position in Ohio Valley Banc in the 2nd quarter valued at approximately $7,665,000. Finally, BlackRock Inc. acquired a new position in Ohio Valley Banc during the second quarter worth $10,672,000. 22.06% of the stock is currently owned by hedge funds and other institutional investors.

Ohio Valley Banc Company Profile

(Get Free Report)

Ohio Valley Banc Corp. is a bank holding company headquartered in Gallipolis, Ohio. Through its principal subsidiary, Ohio Valley Bank, the company provides community banking services to individuals, families, farmers and businesses.

Ohio Valley Bank offers deposit products, consumer and commercial loans, residential mortgage lending, electronic banking and other traditional financial services. Its lending activities include personal, real estate, agricultural and business financing, while its banking services include checking and savings accounts, certificates of deposit, online banking and related payment services.

Founded in 1872, Ohio Valley Banc Corp.

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