Ohio Valley Banc Corp. (NASDAQ:OVBC) Short Interest Update

Ohio Valley Banc Corp. (NASDAQ:OVBC) was the target of a large drop in short interest in April. As of April 15th, there was short interest totalling 16,600 shares, a drop of 19.4% from the March 31st total of 20,600 shares. Based on an average daily trading volume, of 3,000 shares, the short-interest ratio is presently 5.5 days. Currently, 0.4% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Ohio Valley Banc in a report on Wednesday, April 24th. They issued a “hold” rating on the stock.

Ohio Valley Banc Stock Performance

OVBC stock remained flat at $23.50 on Monday. The company had a trading volume of 1,779 shares, compared to its average volume of 3,185. Ohio Valley Banc has a 1 year low of $21.67 and a 1 year high of $25.95. The stock’s 50-day simple moving average is $24.09 and its 200 day simple moving average is $23.78. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $112.66 million, a PE ratio of 9.75 and a beta of 0.11.

Ohio Valley Banc (NASDAQ:OVBC) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $0.68 earnings per share for the quarter. Ohio Valley Banc had a return on equity of 8.25% and a net margin of 14.70%. The business had revenue of $14.90 million during the quarter.

Ohio Valley Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend is Thursday, April 25th. Ohio Valley Banc’s payout ratio is currently 36.51%.

Institutional Trading of Ohio Valley Banc

An institutional investor recently raised its position in Ohio Valley Banc stock. Abundance Wealth Counselors grew its stake in Ohio Valley Banc Corp. (NASDAQ:OVBC) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,909 shares of the bank’s stock after buying an additional 800 shares during the period. Ohio Valley Banc accounts for 0.6% of Abundance Wealth Counselors’ holdings, making the stock its 29th biggest position. Abundance Wealth Counselors owned 1.99% of Ohio Valley Banc worth $2,183,000 as of its most recent filing with the Securities and Exchange Commission. 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.