Ohio Valley Banc Corp. (NASDAQ:OVBC) saw a significant drop in short interest in June. As of June 15th, there was short interest totalling 75,800 shares, a drop of 7.7% from the May 15th total of 82,100 shares. Approximately 2.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,900 shares, the short-interest ratio is presently 15.5 days.
Separately, ValuEngine downgraded Acceleron Pharma from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th.
Institutional investors and hedge funds have recently modified their holdings of the business. Wesbanco Bank Inc. lifted its stake in shares of Ohio Valley Banc by 0.5% in the first quarter. Wesbanco Bank Inc. now owns 100,763 shares of the bank’s stock worth $3,643,000 after acquiring an additional 538 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Ohio Valley Banc by 544.4% during the first quarter. BNP Paribas Arbitrage SA now owns 870 shares of the bank’s stock valued at $31,000 after buying an additional 735 shares in the last quarter. First Trust Advisors LP raised its stake in Ohio Valley Banc by 18.6% during the fourth quarter. First Trust Advisors LP now owns 6,900 shares of the bank’s stock valued at $244,000 after buying an additional 1,084 shares in the last quarter. Bank of America Corp DE raised its stake in Ohio Valley Banc by 71.3% during the fourth quarter. Bank of America Corp DE now owns 3,113 shares of the bank’s stock valued at $110,000 after buying an additional 1,296 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in Ohio Valley Banc during the first quarter valued at approximately $54,000. Institutional investors own 18.78% of the company’s stock.
Ohio Valley Banc (NASDAQ:OVBC) last announced its quarterly earnings data on Thursday, April 25th. The bank reported $0.25 EPS for the quarter. Ohio Valley Banc had a return on equity of 8.40% and a net margin of 17.07%. The business had revenue of $13.23 million during the quarter.
About Ohio Valley Banc
Ohio Valley Banc Corp. operates as the bank holding company for The Ohio Valley Bank Company that provides commercial and consumer banking products and services. The company operates in two segments, Banking and Consumer Finance. 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.
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