Ohio Valley Banc Corp. (NASDAQ:OVBC) Short Interest Update

Ohio Valley Banc Corp. (NASDAQ:OVBC) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 16,600 shares, a decline of 19.4% from the March 31st total of 20,600 shares. Based on an average daily volume of 3,000 shares, the days-to-cover ratio is presently 5.5 days. Approximately 0.4% of the shares of the company are sold short.

Ohio Valley Banc Stock Performance

Shares of OVBC stock remained flat at $23.50 during mid-day trading on Monday. 1,779 shares of the stock were exchanged, compared to its average volume of 3,185. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.37. The stock has a market cap of $112.66 million, a price-to-earnings ratio of 9.75 and a beta of 0.11. Ohio Valley Banc has a 12-month low of $21.67 and a 12-month high of $25.95. The firm’s 50 day moving average price is $24.09 and its 200 day moving average price is $23.78.

Ohio Valley Banc (NASDAQ:OVBC) last released its quarterly earnings results on Thursday, January 25th. The bank reported $0.68 earnings per share (EPS) for the quarter. The business had revenue of $14.90 million during the quarter. Ohio Valley Banc had a return on equity of 8.25% and a net margin of 14.70%.

Ohio Valley Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.74%. Ohio Valley Banc’s payout ratio is currently 36.51%.

Institutional Investors Weigh In On Ohio Valley Banc

A hedge fund recently raised its stake in Ohio Valley Banc stock. Abundance Wealth Counselors boosted its holdings in Ohio Valley Banc Corp. (NASDAQ:OVBC) by 0.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 94,909 shares of the bank’s stock after buying an additional 800 shares during the period. Ohio Valley Banc accounts for approximately 0.6% of Abundance Wealth Counselors’ holdings, making the stock its 29th biggest position. Abundance Wealth Counselors owned about 1.99% of Ohio Valley Banc worth $2,183,000 at the end of the most recent quarter. Institutional investors and hedge funds own 22.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Ohio Valley Banc in a research report on Wednesday, April 24th. They set a “hold” rating for the company.

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.