Ohio Valley Banc Corp. (NASDAQ: OVBC) has reported E.P.S. of $0.58 for its first fiscal quarter (ending March 31) versus $0.82 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $2.41 versus $2.75 for the same period a year ago.
Recent Price Action
Ohio Valley Banc Corp. (NASDAQ: OVBC) stock closed at $23.50 on 4/25/24 after being unchanged was unchanged. However, this flat performance was accompanied by exceptionally low trading volume at 0% of normal. The stock has performed in line with the market over the last nine months and has declined -2.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, OVBC is expected to continue to be Value Creation neutral.
Ohio Valley Banc has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Ohio Valley Banc has a slightly positive Appreciation Score of 68 and a neutral Power Rating of 49, leading to the High Neutral Value Trend Rating.
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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