Ohio Valley Banc Corp. (OVBC) Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

May 13, 2018 - By Peter Erickson

Ohio Valley Banc Corp. (NASDAQ:OVBC) Logo

Investors sentiment increased to 2.63 in Q4 2017. 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.
The United Kingdom-based Barclays Public Limited Liability Co has invested 0% in Ohio Valley Banc Corp. (NASDAQ:OVBC). Wesbanco Bancorporation Inc has invested 0.27% in Ohio Valley Banc Corp. (NASDAQ:OVBC). Bankshares Of New York Mellon holds 16,314 shares. Deutsche Fincl Bank Ag holds 14,157 shares. Us Financial Bank De holds 2,196 shares. Amer Inc has 2,749 shares for 0% of their portfolio. State Street Corporation has invested 0% in Ohio Valley Banc Corp. (NASDAQ:OVBC). Moreover, Bnp Paribas Arbitrage has 0% invested in Ohio Valley Banc Corp. (NASDAQ:OVBC) for 1,204 shares. Blackrock Inc has invested 0% in Ohio Valley Banc Corp. (NASDAQ:OVBC). Parallax Volatility Advisers Limited Partnership, California-based fund reported 630 shares. Federated Invsts Pa invested in 0% or 156 shares. Morgan Stanley invested 0% in Ohio Valley Banc Corp. (NASDAQ:OVBC). Renaissance Ltd Liability Company holds 30,900 shares or 0% of its portfolio. Citigroup owns 607 shares or 0% of their US portfolio. Wells Fargo & Mn accumulated 9,944 shares.

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

The stock of Ohio Valley Banc Corp. (NASDAQ:OVBC) hit a new 52-week high and has $50.61 target or 5.00 % above today’s $48.20 share price. The 9 months bullish chart indicates low risk for the $227.49 million company. The 1-year high was reported on May, 13 by Barchart.com. If the $50.61 price target is reached, the company will be worth $11.37M 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 0.42% or $0.2 during the last trading session, reaching $48.2. About 7,695 shares traded. Ohio Valley Banc Corp. (NASDAQ:OVBC) has risen 46.11% since May 13, 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 $227.49 million. The firm operates through two divisions, Banking and Consumer Finance. It has a 30.07 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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