Ohio Valley Banc (NASDAQ:OVBC) Stock Price Breaks Below 200 Day Moving Average – What’s Next?

Ohio Valley Banc Corp. (NASDAQ:OVBC)’s share price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $45.04 and traded as low as $44.22. Ohio Valley Banc shares last traded at $44.72, with a volume of 12,692 shares.

Wall Street Analyst Weigh In

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

Ohio Valley Banc Price Performance

The company has a 50 day simple moving average of $44.86 and a 200-day simple moving average of $45.08. The stock has a market cap of $215.34 million, a price-to-earnings ratio of 15.19 and a beta of 0.03. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.29.

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

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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, July 24th. Ohio Valley Banc’s payout ratio is currently 33.22%.

Institutional Trading of Ohio Valley Banc

A number of institutional investors and hedge funds have recently modified their holdings of OVBC. GAMMA Investing LLC boosted its holdings in shares of 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 buying an additional 1,467 shares during the period. Deutsche Bank AG bought a new position in shares of Ohio Valley Banc during the second quarter worth about $154,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Ohio Valley Banc during the first quarter worth about $256,000. Bank of New York Mellon Corp acquired a new stake in shares of Ohio Valley Banc in the 2nd quarter worth about $389,000. Finally, Empowered Funds LLC increased its holdings in shares of Ohio Valley Banc by 9.9% in the 1st quarter. Empowered Funds LLC now owns 13,534 shares of the bank’s stock worth $594,000 after acquiring an additional 1,216 shares during the period. 22.06% of the stock is owned by institutional investors and hedge funds.

About Ohio Valley Banc

Ohio Valley Banc Corp. (NASDAQ: OVBC) is a bank holding company headquartered in Gallipolis, Ohio. Its principal subsidiary, Ohio Valley Bank, is a community-focused financial institution that provides banking and financial services to individuals, families, businesses and public entities.

Ohio Valley Bank offers a range of deposit products, including checking, savings and time deposit accounts, as well as residential mortgage, commercial, agricultural, consumer and other loans. The bank also provides electronic banking services, cash management and other financial services designed to support personal and business customers.

Founded in 1872, Ohio Valley Banc Corp.