Ohio Valley Banc (NASDAQ:OVBC) Share Price Crosses Below 200 Day Moving Average – Time to Sell?
by Jessica Moore · The Cerbat GemOhio Valley Banc Corp. (NASDAQ:OVBC – Get Free Report) crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $44.90 and traded as low as $43.75. Ohio Valley Banc shares last traded at $44.15, with a volume of 39,051 shares traded.
Wall Street Analyst Weigh In
Separately, Weiss Ratings downgraded shares of Ohio Valley Banc from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, September 16th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.
Read Our Latest Stock Report on Ohio Valley Banc
Ohio Valley Banc Trading Down 0.1%
The stock has a market cap of $207.99 million, a price-to-earnings ratio of 14.67 and a beta of 0.04. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average of $44.59 and a 200-day moving average of $44.90.
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 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 for the quarter.
Ohio Valley Banc Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Friday, July 24th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, July 24th. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. Ohio Valley Banc’s payout ratio is presently 33.22%.
Hedge Funds Weigh In On Ohio Valley Banc
Several hedge funds and other institutional investors have recently added to or reduced their stakes in OVBC. BlackRock Inc. bought a new stake in Ohio Valley Banc in the second quarter worth approximately $10,672,000. The Manufacturers Life Insurance Company bought a new position in shares of Ohio Valley Banc during the 2nd quarter valued at $7,665,000. Susquehanna International Group LLP bought a new position in shares of Ohio Valley Banc during the 2nd quarter valued at $4,500,000. Dimensional Fund Advisors LP lifted its stake in shares of Ohio Valley Banc by 3.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 95,786 shares of the bank’s stock valued at $4,200,000 after purchasing an additional 3,098 shares during the last quarter. Finally, Corient Private Wealth LP acquired a new stake in shares of Ohio Valley Banc in the 2nd quarter valued at $1,226,000. Institutional investors own 22.06% of the company’s stock.
About Ohio Valley Banc
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.