Ohio Valley Banc (NASDAQ:OVBC) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the bank’s stock.

Ohio Valley Banc Price Performance

Shares of OVBC opened at $23.90 on Thursday. The firm has a 50-day simple moving average of $23.97 and a two-hundred day simple moving average of $23.15. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.95 and a quick ratio of 0.95. Ohio Valley Banc has a 1-year low of $19.35 and a 1-year high of $25.50. The stock has a market cap of $112.57 million, a PE ratio of 10.13 and a beta of 0.03.

Ohio Valley Banc (NASDAQ:OVBC) last posted its earnings results on Friday, July 26th. The bank reported $0.63 earnings per share for the quarter. Ohio Valley Banc had a net margin of 13.72% and a return on equity of 7.85%. The firm had revenue of $14.66 million during the quarter.

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.