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Equity research analysts at StockNews.com introduced coverage of Ohio Valley Bank as an investment in a research note (NASDAQ: OVBC) published on Sunday. The company has assigned a ‘Hold’ rating to the bank’s shares.
Ohio Valley Bancorp’s (NASDAQ: OVBC) latest quarterly earnings report was released on October 28, the day the company announced its results. Banks reported $0.77 per share for the period covered by the report. Ohio Valley Bank’s annual return on equity was 8.99% and the bank’s net profit margin was 21.66%. Return on equity was reported as a percentage. The company generated $14.46 million in gross revenue during the period under consideration.
Both these changes and the positions held in OVBC by some hedge funds and other types of institutional investors have been recently updated. BlackRock Inc. increased its Ohio Valley Banc percentage of investments by 166.0% in the third quarter. BlackRock Inc. currently owns 47,165 shares of the bank’s stock, worth a total of $1,313,000. This is the result of the company purchasing an additional 29,433 of his shares during the previous period. Ergoteles LLC invested her $263,000 in the third quarter of the fiscal year to acquire his Ohio Valley Banc stake. Manufacturers’ Life Insurance Company increased its ownership percentage of Ohio Valley Bank by 7.2% in the first quarter. Manufacturers’ Life Insurance Company now holds a total of 122,161 shares in the bank after acquiring an additional 8,218 of his shares in the most recent quarter. The current market value of these shares is $3,689,000. During the first three months of this year, the Bank of New York Mellon Corporation made a new investment worth approximately $200,000 in Ohio Valley Bank. Last but not least, State Street Corporation expanded his ownership of Ohio Valley Bank by 12.5% in the second quarter. After purchasing an additional 1,394 shares in the last three months, State Street Corp. now owns 12,523 shares of the bank’s stock, worth a total of $378,000. This brings the total number of shares owned by the company to 12,523. 13.45% of the total number of shares are owned by institutions and constitute the owners of these shares.
On Friday, OVBC opened at $26.35 per share. Ohio Valley Bancorp’s 52-week high is $32.49, while the company’s stock has a 52-week low of $22.68. The debt to equity ratio, current ratio, and quick ratio equal 0.21 and they equal 0.88. The company’s moving average is currently $26.94 over the last 50 days and $28.24 over the last 200 days. The company has a market capitalization of $125.69 million, a price/earnings ratio of 10.37 and a beta coefficient of 0.16. The ratio of price/earnings ratio to beta is 0.16.
The Ohio Valley Bank Company offers a wide range of banking products and services to commercial and retail customers. A subsidiary of the Ohio Valley Bank Corporation. Retail banking and personal consumer finance he can divide the company into two different divisions. There are many acceptable financial instruments including, but not limited to, on-demand deposits, NOW accounts, certificates of deposit, personal retirement accounts, savings, time and money market accounts.
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