Oak Valley Bancorp (NASDAQ:OVLY) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of Oak Valley Bancorp (NASDAQ:OVLYGet Rating) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the financial services provider’s stock.

Shares of OVLY stock opened at $17.68 on Wednesday. Oak Valley Bancorp has a twelve month low of $16.52 and a twelve month high of $19.75. The company has a market cap of $145.97 million, a P/E ratio of 10.10 and a beta of 0.40. The business has a fifty day simple moving average of $17.35 and a 200 day simple moving average of $17.89.

Oak Valley Bancorp (NASDAQ:OVLYGet Rating) last announced its quarterly earnings data on Thursday, April 21st. The financial services provider reported $0.29 earnings per share for the quarter. Oak Valley Bancorp had a return on equity of 10.42% and a net margin of 26.60%. The business had revenue of $12.13 million during the quarter.

In other news, Director H Randolph Holder, Jr. bought 5,000 shares of the stock in a transaction on Monday, May 9th. The stock was acquired at an average price of $17.25 per share, with a total value of $86,250.00. Following the acquisition, the director now directly owns 128,469 shares in the company, valued at $2,216,090.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders acquired 7,206 shares of company stock valued at $124,848. Insiders own 19.11% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC acquired a new stake in shares of Oak Valley Bancorp in the fourth quarter valued at about $30,000. UBS Group AG increased its stake in shares of Oak Valley Bancorp by 8.5% in the first quarter. UBS Group AG now owns 7,956 shares of the financial services provider’s stock valued at $147,000 after buying an additional 624 shares during the period. State Street Corp increased its stake in shares of Oak Valley Bancorp by 12.8% in the first quarter. State Street Corp now owns 17,388 shares of the financial services provider’s stock valued at $321,000 after buying an additional 1,970 shares during the period. BHZ Capital Management LP increased its stake in shares of Oak Valley Bancorp by 3.3% in the first quarter. BHZ Capital Management LP now owns 43,238 shares of the financial services provider’s stock valued at $798,000 after buying an additional 1,400 shares during the period. Finally, Strategic Value Bank Partners LLC acquired a new stake in shares of Oak Valley Bancorp in the fourth quarter valued at about $2,162,000. 26.27% of the stock is owned by institutional investors and hedge funds.

About Oak Valley Bancorp (Get Rating)

Oak Valley Bancorp operates as the bank holding company for Oak Valley Community Bank that provides a range of commercial banking services to individuals and small to medium-sized businesses in the Central Valley and the Eastern Sierras. The company's deposits products include checking and savings, money market, health savings, and individual retirement accounts, as well as certificates of deposit.

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