Renaissance Technologies LLC increased its holdings in shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) by 17.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,600 shares of the bank’s stock after acquiring an additional 9,766 shares during the period. Renaissance Technologies LLC owned approximately 1.37% of Ohio Valley Banc worth $2,368,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of OVBC. Wells Fargo & Company MN lifted its position in Ohio Valley Banc by 31.6% during the third quarter. Wells Fargo & Company MN now owns 15,110 shares of the bank’s stock worth $554,000 after buying an additional 3,628 shares during the period. FNY Investment Advisers LLC purchased a new position in Ohio Valley Banc during the third quarter worth about $458,000. First Trust Advisors LP purchased a new position in shares of Ohio Valley Banc in the 3rd quarter worth about $213,000. California Public Employees Retirement System purchased a new position in shares of Ohio Valley Banc in the 2nd quarter worth about $209,000. Finally, BlackRock Inc. raised its holdings in shares of Ohio Valley Banc by 0.6% in 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. Institutional investors and hedge funds own 18.41% of the company’s stock.
Shares of Ohio Valley Banc stock traded up $1.31 during trading hours on Friday, reaching $38.56. The stock had a trading volume of 13,833 shares, compared to its average volume of 8,300. The company has a market cap of $182.50 million, a price-to-earnings ratio of 15.01 and a beta of 0.22. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.97 and a quick ratio of 0.97. Ohio Valley Banc Corp. has a 1 year low of $26.45 and a 1 year high of $56.15.Ohio Valley Banc (NASDAQ:OVBC) last released its quarterly earnings data on Tuesday, January 29th. The bank reported $0.82 EPS for the quarter. Ohio Valley Banc had a return on equity of 10.59% and a net margin of 20.55%. The company had revenue of $12.21 million for the quarter.
The business also recently announced a quarterly dividend, which was paid on Sunday, February 10th. Stockholders of record on Friday, January 25th were paid a $0.21 dividend. The ex-dividend date of this dividend was Thursday, January 24th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.18%.
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Ohio Valley Banc 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.
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