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

Ohio Valley Banc Corp. (NASDAQ:OVBC)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $40.93 and traded as high as $44.95. Ohio Valley Banc shares last traded at $44.75, with a volume of 5,262 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Ohio Valley Banc in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Ohio Valley Banc Stock Performance

The firm has a 50 day moving average of $43.75 and a 200-day moving average of $40.93. The stock has a market capitalization of $210.77 million and a PE ratio of 13.64. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 0.93.

Ohio Valley Banc (NASDAQ:OVBC) last announced its quarterly earnings data on Tuesday, April 28th. The bank reported $0.91 earnings per share (EPS) for the quarter. The firm had revenue of $18.18 million during the quarter. Ohio Valley Banc had a return on equity of 9.38% and a net margin of 16.05%.

Ohio Valley Banc Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, May 10th. Shareholders of record on Friday, April 24th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, April 24th. This is an increase from Ohio Valley Banc’s previous quarterly dividend of $0.23. Ohio Valley Banc’s payout ratio is currently 30.49%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Empowered Funds LLC increased its position in Ohio Valley Banc by 9.9% in the 4th quarter. Empowered Funds LLC now owns 12,318 shares of the bank’s stock worth $492,000 after purchasing an additional 1,114 shares during the last quarter. Bridgeway Capital Management LLC increased its position in Ohio Valley Banc by 3.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 35,518 shares of the bank’s stock worth $1,420,000 after purchasing an additional 1,114 shares during the last quarter. Royal Bank of Canada increased its position in Ohio Valley Banc by 20.0% in the 4th quarter. Royal Bank of Canada now owns 3,019 shares of the bank’s stock worth $120,000 after purchasing an additional 503 shares during the last quarter. Opal Capital LLC acquired a new position in Ohio Valley Banc in the 4th quarter worth about $1,140,000. Finally, Barclays PLC increased its position in Ohio Valley Banc by 36.9% in the 4th quarter. Barclays PLC now owns 7,364 shares of the bank’s stock worth $294,000 after purchasing an additional 1,983 shares during the last quarter. 22.06% of the stock is owned by institutional investors and hedge funds.

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.