Ohio Valley Banc (NASDAQ:OVBC) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Thursday, ValuEngine reports.

NASDAQ OVBC opened at $39.82 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.41. The stock has a market cap of $189.50 million, a PE ratio of 15.10 and a beta of 0.22. Ohio Valley Banc has a 52-week low of $26.45 and a 52-week high of $56.15.

Ohio Valley Banc (NASDAQ:OVBC) last posted its earnings results on Tuesday, January 29th. The bank reported $0.82 earnings per share (EPS) for the quarter. The company had revenue of $12.21 million during the quarter. Ohio Valley Banc had a net margin of 20.55% and a return on equity of 10.47%.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its stake in 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. Vanguard Group Inc. raised its stake in 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 raised its stake in 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. Wesbanco Bank Inc. raised its stake in Ohio Valley Banc by 0.6% in the 4th quarter. Wesbanco Bank Inc. now owns 100,225 shares of the bank’s stock worth $3,547,000 after purchasing an additional 568 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Ohio Valley Banc by 17.8% in the 3rd quarter. Renaissance Technologies LLC now owns 64,600 shares of the bank’s stock worth $2,368,000 after purchasing an additional 9,766 shares in the last quarter. Institutional investors and hedge funds own 18.23% of the company’s stock.

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.

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