Ohio Valley Banc (NASDAQ:OVBC) Share Price Crosses Below 200-Day Moving Average of $36.96

Shares of Ohio Valley Banc Corp. (NASDAQ:OVBC) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $36.96 and traded as low as $32.00. Ohio Valley Banc shares last traded at $32.26, with a volume of 1,096 shares trading hands.

The company has a debt-to-equity ratio of 0.37, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market cap of $152.62 million, a PE ratio of 15.32 and a beta of 0.28. The business has a fifty day moving average price of $36.02 and a two-hundred day moving average price of $36.96.

The company also recently announced a quarterly dividend, which was paid on Saturday, August 10th. Shareholders of record on Friday, July 26th were paid a $0.21 dividend. The ex-dividend date was Thursday, July 25th. This represents a $0.84 dividend on an annualized basis and a yield of 2.69%.

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA grew its stake in Ohio Valley Banc by 544.4% in the first quarter. BNP Paribas Arbitrage SA now owns 870 shares of the bank’s stock valued at $31,000 after purchasing an additional 735 shares in the last quarter. Marshall Wace LLP purchased a new position in Ohio Valley Banc in the first quarter valued at about $54,000. Bank of America Corp DE grew its stake in Ohio Valley Banc by 71.3% in the fourth quarter. Bank of America Corp DE now owns 3,113 shares of the bank’s stock valued at $110,000 after purchasing an additional 1,296 shares in the last quarter. SG Americas Securities LLC purchased a new position in Ohio Valley Banc in the first quarter valued at about $287,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Ohio Valley Banc by 8.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 9,723 shares of the bank’s stock valued at $376,000 after purchasing an additional 794 shares in the last quarter. Hedge funds and other institutional investors own 18.99% of the company’s stock.

About Ohio Valley Banc (NASDAQ:OVBC)

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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