Vanguard Group Inc increased its position in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) by 8.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 138,712 shares of the bank’s stock after purchasing an additional 11,352 shares during the period. Vanguard Group Inc owned approximately 2.93% of Ohio Valley Banc worth $5,084,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in shares of Ohio Valley Banc by 0.6% during the 3rd quarter. BlackRock Inc. now owns 214,923 shares of the bank’s stock worth $7,876,000 after purchasing an additional 1,313 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Ohio Valley Banc by 31.6% during the 3rd quarter. Wells Fargo & Company MN now owns 15,110 shares of the bank’s stock worth $554,000 after purchasing an additional 3,628 shares during the period. California Public Employees Retirement System purchased a new position in shares of Ohio Valley Banc during the 2nd quarter worth about $209,000. First Trust Advisors LP purchased a new position in shares of Ohio Valley Banc during the 3rd quarter worth about $213,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Ohio Valley Banc by 17.8% during the 3rd quarter. Renaissance Technologies LLC now owns 64,600 shares of the bank’s stock worth $2,368,000 after purchasing an additional 9,766 shares during the period. 18.41% of the stock is owned by hedge funds and other institutional investors.
Shares of OVBC stock traded up $0.80 during trading hours on Tuesday, reaching $38.30. 1,365 shares of the stock were exchanged, compared to its average volume of 8,142. Ohio Valley Banc Corp. has a 12-month low of $26.45 and a 12-month high of $56.15. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.43. The stock has a market cap of $177.49 million, a PE ratio of 14.48 and a beta of 0.22.
Ohio Valley Banc (NASDAQ:OVBC) last released its quarterly earnings results on Tuesday, January 29th. The bank reported $0.82 EPS for the quarter. The firm had revenue of $12.21 million during the quarter. Ohio Valley Banc had a net margin of 20.55% and a return on equity of 10.59%.
The business also recently disclosed a quarterly dividend, which was paid on Sunday, February 10th. Shareholders of record on Friday, January 25th were given a $0.21 dividend. The ex-dividend date of this dividend was Thursday, January 24th. This represents a $0.84 annualized dividend and a yield of 2.19%.
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.
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