Wesbanco Bank Inc. raised its holdings in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) by 0.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,763 shares of the bank’s stock after buying an additional 538 shares during the quarter. Wesbanco Bank Inc. owned about 2.12% of Ohio Valley Banc worth $3,643,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of OVBC. Budros Ruhlin & Roe Inc. purchased a new position in shares of Ohio Valley Banc in the 1st quarter worth about $1,133,000. Vanguard Group Inc boosted its holdings in shares of Ohio Valley Banc by 8.9% in the 3rd quarter. Vanguard Group Inc now owns 138,712 shares of the bank’s stock worth $5,084,000 after purchasing an additional 11,352 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Ohio Valley Banc by 8.9% in the 3rd quarter. Vanguard Group Inc. now owns 138,712 shares of the bank’s stock worth $5,084,000 after purchasing an additional 11,352 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Ohio Valley Banc in the 1st quarter worth about $287,000. Finally, BlackRock Inc. boosted its holdings in shares of Ohio Valley Banc by 2.7% in the 4th quarter. BlackRock Inc. now owns 220,769 shares of the bank’s stock worth $7,813,000 after purchasing an additional 5,846 shares in the last quarter. Institutional investors and hedge funds own 18.78% of the company’s stock.
Separately, ValuEngine raised Ohio Valley Banc from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th.OVBC traded down $1.00 during midday trading on Friday, reaching $36.30. 1,113 shares of the company’s stock traded hands, compared to its average volume of 3,415. The firm has a market capitalization of $177.50 million, a price-to-earnings ratio of 18.02 and a beta of 0.23. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.97 and a quick ratio of 0.97. Ohio Valley Banc Corp. has a 52 week low of $26.45 and a 52 week high of $56.15.
Ohio Valley Banc (NASDAQ:OVBC) last released its quarterly earnings results on Thursday, April 25th. The bank reported $0.25 EPS for the quarter. Ohio Valley Banc had a return on equity of 8.40% and a net margin of 17.07%. The business had revenue of $13.23 million during the quarter.
The company also recently announced a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 26th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Thursday, April 25th.
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.
Further Reading: Cash Asset Ratio
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