7,438 Shares in Ohio Valley Banc Corp. (NASDAQ:OVBC) Acquired by Teachers Advisors LLC

Teachers Advisors LLC bought a new stake in Ohio Valley Banc Corp. (NASDAQ:OVBC) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,438 shares of the bank’s stock, valued at approximately $268,000. Teachers Advisors LLC owned about 0.16% of Ohio Valley Banc as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Schwab Charles Investment Management Inc. purchased a new stake in shares of Ohio Valley Banc in the second quarter valued at about $267,000. Bank of New York Mellon Corp purchased a new stake in shares of Ohio Valley Banc in the second quarter valued at about $436,000. Finally, Wesbanco Bank Inc. grew its holdings in shares of Ohio Valley Banc by 0.7% in the second quarter. Wesbanco Bank Inc. now owns 97,055 shares of the bank’s stock valued at $3,499,000 after purchasing an additional 645 shares during the period. Institutional investors and hedge funds own 13.76% of the company’s stock.

Separately, ValuEngine lowered shares of Ohio Valley Banc from a “buy” rating to a “hold” rating in a research note on Friday.

Shares of Ohio Valley Banc Corp. (NASDAQ OVBC) traded up $0.15 during mid-day trading on Tuesday, reaching $39.35. 3,549 shares of the company’s stock traded hands, compared to its average volume of 6,077. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $186.05, a price-to-earnings ratio of 21.55 and a beta of 0.16. Ohio Valley Banc Corp. has a one year low of $24.55 and a one year high of $40.25.

Ohio Valley Banc (NASDAQ:OVBC) last announced its earnings results on Thursday, October 26th. The bank reported $0.35 earnings per share for the quarter. The company had revenue of $12.55 million during the quarter. Ohio Valley Banc had a net margin of 16.04% and a return on equity of 8.01%.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Friday, October 27th were given a dividend of $0.21 per share. The ex-dividend date was Thursday, October 26th. This represents a $0.84 annualized dividend and a dividend yield of 2.13%. Ohio Valley Banc’s dividend payout ratio is presently 45.65%.

TRADEMARK VIOLATION NOTICE: This article was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.dispatchtribunal.com/2017/12/05/teachers-advisors-llc-purchases-shares-of-7438-ohio-valley-banc-corp-ovbc.html.

About Ohio Valley Banc

Ohio Valley Banc Corp. is a financial holding company. The Company has a banking subsidiary, The Ohio Valley Bank Company (the Bank). The Company’s financial service operations are aggregated in two segments: banking and consumer finance. The Company also owns nonbank subsidiaries, which include Loan Central, Inc, which engages in lending; Ohio Valley Financial Services Agency, LLC, which is used to facilitate the receipt of commissions on insurances sold by the Bank and Loan Central, and OVBC Captive, Inc, a limited purpose property and casualty insurance company.

Institutional Ownership by Quarter for Ohio Valley Banc (NASDAQ:OVBC)

Receive News & Ratings for Ohio Valley Banc Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ohio Valley Banc Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply