Ohio Valley Banc Corp. (NASDAQ: OVBC) has reported E.P.S. of $0.63 for its second fiscal quarter (ending June 30) versus $0.68 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $2.36 versus $3.01 for the same period a year ago.
Recent Price Action
Ohio Valley Banc Corp. (NASDAQ: OVBC) stock rose modestly by 0.6% on 7/26/24. The stock closed at $23.20. However, exceptionally low trading volume at 32% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 4.6% during the last week.
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 (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Ohio Valley Banc has a good Appreciation Score of 74 but a slightly negative Power Rating of 37, resulting in the 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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