Ohio Valley Bank Co. Affirms Significant Stake in Banc Corp.

TL;DR

**Ohio Valley Bank Co. still holds a big chunk of Ohio Valley Banc Corp. stock, signaling confidence.**

AI Summary

Ohio Valley Bank Co. filed an Amendment 11 to its SC 13G/A on February 13, 2024, indicating its continued beneficial ownership of Common Stock in Ohio Valley Banc Corp. as of December 31, 2023. This filing, which is an update to a previous disclosure, confirms that Ohio Valley Bank Co. remains a significant holder of the issuer's stock. This matters to investors because it signals stability in the ownership structure and suggests that a key related entity maintains confidence in the company, which could be a positive indicator for the stock's long-term outlook.

Why It Matters

This filing confirms a major shareholder's continued commitment, which can reassure investors about the stability and long-term prospects of Ohio Valley Banc Corp.

Risk Assessment

Risk Level: low — This filing indicates stable ownership by a related entity, which generally reduces investment risk.

Analyst Insight

An investor should note the continued stable ownership by Ohio Valley Bank Co. as a sign of internal confidence, but this filing alone doesn't suggest immediate buying or selling pressure. Further analysis of the company's financials and market conditions would be prudent.

Key Players & Entities

• Ohio Valley Banc Corp. (company) — the issuer of the securities
• Ohio Valley Bank Co. (company) — the entity filing the SC 13G/A, beneficial owner
• February 13, 2024 (date) — the filing date of the SC 13G/A Amendment 11
• December 31, 2023 (date) — the date as of which the ownership information is reported

FAQ

Filing Documents

• sched13ga021424.htm (SC 13G/A) — 75KB
• 0000894671-24-000006.txt ( ) — 77KB

(a)

Item 1(a). Name of Issuer: Ohio Valley Banc Corp.

(b)

Item 1(b). Address of Issuer's Principal Executive Offices: 420 Third Avenue Gallipolis, OH 45631

(a)

Item 2(a). Name of Person Filing: Ohio Valley Banc Corp. Employees' Stock Ownership Plan and Trust The Ohio Valley Bank Company

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: 420 Third Avenue Gallipolis, OH 45631

(c)

Item 2(c). Citizenship: The Ohio Valley Banc Corp. Employees' Stock Ownership Plan and Trust was formed, and The Ohio Valley Bank Company was incorporated, under the laws of the State of Ohio.

(d)

Item 2(d). Title and Class of Securities: Common Shares

(e)

Item 2(e). CUSIP Number 677719106 Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or Dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ x ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). 4 (c) [ ] Insurance Company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [ ] An investment adviser in accordance with 240.13d1(b)(1)(ii)(E). (f) [ x ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F). (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G). (h) [ ] A savings association as defined in Section 13(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813). (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3). (j) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J) (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). Item 4. The Ohio Valley Banc Corp. Employees' Stock Ownership Plan and Trust (a) Amount Beneficially Owned: 317,860 (b) Percent of Class: 6.7% 5 (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: -0- (ii) shared power to vote or to direct the vote: -0- (iii) sole power to dispose or to direct the disposition of: -0- (iv) shared power to dispose or to direct the disposition of: 317,860 The Ohio Valley Bank Company (a) Amount Beneficially Owned: 342,176 (b) Percent of Class: 7.2% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 24,316 (ii) shared power to vote or to direct the vote: -0- (iii) sole power to dispose or to direct the dis