Ohio Valley Banc Corp. (NASDAQ:OVBC) Sees Large Increase in Short Interest

Ohio Valley Banc Corp. (NASDAQ:OVBC) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 12,200 shares, an increase of 25.8% from the February 28th total of 9,700 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 10,700 shares, the days-to-cover ratio is currently 1.1 days.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Ohio Valley Banc in a research report on Tuesday, March 18th. They issued a “hold” rating for the company.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Ohio Valley Banc stock. Fourthstone LLC grew its stake in Ohio Valley Banc Corp. (NASDAQ:OVBC) by 195.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,132 shares of the bank’s stock after acquiring an additional 33,145 shares during the quarter. Fourthstone LLC owned 1.06% of Ohio Valley Banc worth $1,214,000 at the end of the most recent quarter. 22.06% of the stock is owned by hedge funds and other institutional investors.

Ohio Valley Banc Stock Performance

Shares of Ohio Valley Banc stock opened at $28.51 on Thursday. Ohio Valley Banc has a 12 month low of $19.35 and a 12 month high of $32.81. The firm has a market capitalization of $134.31 million, a P/E ratio of 12.29 and a beta of -0.09. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $27.39 and a two-hundred day simple moving average of $25.63.

Ohio Valley Banc (NASDAQ:OVBC) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $0.53 earnings per share (EPS) for the quarter. Ohio Valley Banc had a net margin of 12.37% and a return on equity of 7.44%.

Ohio Valley Banc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 24th were given a $0.22 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.09%. Ohio Valley Banc’s dividend payout ratio is currently 37.93%.

About Ohio Valley Banc

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.