Ohio Valley Banc Corp. (NASDAQ: OVBC) has reported earnings for its third fiscal quarter (ending September 30) of $0.58 versus $0.47 for the same period a year ago — an increase of 23%. For the latest four quarters through September 30, E.P.S. were $2.47 compared to $2.71 a year ago — a decline of -9%.
Recent Price Action
Ohio Valley Banc Corp. (NASDAQ: OVBC) stock closed at $23.75 on 10/28/24 after a large increase of 2.4%. However, trading volume in this advance was below average at 71% of normal. The stock has risen 0.8% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
OVBC’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Ohio Valley Banc has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Ohio Valley Banc has a good Appreciation Score of 74 but a neutral Power Rating of 48, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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