Will Ohio Valley Banc Corp. (OVBC) Run Out of Steam Soon?

May 17, 2018 - By Christine McCrea

Ohio Valley Banc Corp. (NASDAQ:OVBC) Logo

Investors sentiment increased to 2.63 in 2017 Q4. Its up 1.07, from 1.56 in 2017Q3. It increased, as 2 investors sold Ohio Valley Banc Corp. shares while 6 reduced holdings. 6 funds opened positions while 15 raised stakes. 670,505 shares or 4.04% more from 644,472 shares in 2017Q3 were reported.
Amer Group, a New York-based fund reported 2,749 shares. Parallax Volatility Advisers Ltd Partnership has invested 0% in Ohio Valley Banc Corp. (NASDAQ:OVBC). National Bank & Trust Of America De holds 0% or 650 shares in its portfolio. State Common Retirement Fund holds 4,400 shares or 0% of its portfolio. Moreover, Tower Rech Lc (Trc) has 0.01% invested in Ohio Valley Banc Corp. (NASDAQ:OVBC) for 1,088 shares. Meeder Asset Mngmt Incorporated has 41 shares for 0% of their portfolio. Schwab Charles Investment Mgmt holds 0% or 7,400 shares in its portfolio. Wesbanco Financial Bank Inc has invested 0.27% of its portfolio in Ohio Valley Banc Corp. (NASDAQ:OVBC). Tiaa Cref Mngmt Limited Liability Company accumulated 0% or 10,247 shares. Barclays Public Limited has invested 0% of its portfolio in Ohio Valley Banc Corp. (NASDAQ:OVBC). Dimensional Fund Advsrs L P invested in 0% or 50,390 shares. Renaissance Tech Ltd Liability Co, a New York-based fund reported 30,900 shares. Citigroup reported 607 shares or 0% of all its holdings. Bnp Paribas Arbitrage holds 0% of its portfolio in Ohio Valley Banc Corp. (NASDAQ:OVBC) for 1,204 shares. Us Bancorp De holds 2,196 shares.

Since May 2, 2018, it had 0 insider purchases, and 1 sale for $9,469 activity.

The stock of Ohio Valley Banc Corp. (NASDAQ:OVBC) hit a new 52-week high and has $52.19 target or 5.00 % above today’s $49.70 share price. The 7 months bullish chart indicates low risk for the $234.57M company. The 1-year high was reported on May, 17 by Barchart.com. If the $52.19 price target is reached, the company will be worth $11.73 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.64% or $0.8 during the last trading session, reaching $49.7. About 1,861 shares traded. Ohio Valley Banc Corp. (NASDAQ:OVBC) has risen 46.11% since May 17, 2017 and is uptrending. It has outperformed by 34.56% the S&P500.

Ohio Valley Banc Corp. operates as the bank holding firm for The Ohio Valley Bank Company that provides commercial and consumer banking services and products. The company has market cap of $234.57 million. The firm operates through two divisions, Banking and Consumer Finance. It has a 31 P/E ratio. 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.

Ohio Valley Banc Corp. (NASDAQ:OVBC) Institutional Positions Chart

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