Ohio Valley Banc Corp. NASDAQ : OVBC Correlation Histogram
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks May-2016 1,000 Day Parameter 2,830 NASDAQ Stocks Price Analysis This stock mode of correlation coefficient is 0 In other words, the correlation coefficient of the other stocks
What's going on with this stock? Is someone accumulating? Does anyone think WSBC will be buying this?
Thanks for the tip, I did some research and found more information about $OVBC on http://monstastocks.com/?s=OVBC Trading stocks day trading. Often statistics are used as a drunken man uses lampposts -for support rather than illumination.
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Does anyone know who is buying into ovbc? Looks like there is a large volume each month for several months.
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This stock pays dividends monthly?
So....OVBC is trading below tangible book value, pays a nice dividend, and payout ratio is reasonable so book value is increasing in most quarters. Certainly not a growth story here....but a decent place to park funds and wait for a buyout.
That's about the nicest way I can put it. They've done it before, they're doing it again and if you are naïve, you are going to fall for it.
Management tells you what a great Q2 the bank had, while quietly lowering loan loss provision in the quarter by $650,000 from year ago quarter. Well, without that $650,000 reduction, bottom line earnings were over 10% LOWER!
There are many solid small community banks out there, even in Ohio, that are doing a great job in this environment and don't need to resort to the trickery taking place here.