StockNews.com Lowers Oak Valley Bancorp (NASDAQ:OVLY) to Sell

StockNews.com lowered shares of Oak Valley Bancorp (NASDAQ:OVLY) from a hold rating to a sell rating in a research report report published on Friday.

Oak Valley Bancorp Stock Up 0.4 %

OVLY stock opened at $24.40 on Friday. Oak Valley Bancorp has a twelve month low of $22.49 and a twelve month high of $30.70. The company has a market cap of $202.28 million, a PE ratio of 7.37 and a beta of 0.36. The business’s 50-day simple moving average is $24.08 and its 200 day simple moving average is $25.64.

Oak Valley Bancorp (NASDAQ:OVLY) last released its earnings results on Friday, January 19th. The financial services provider reported $0.71 earnings per share for the quarter. The business had revenue of $19.67 million for the quarter. Oak Valley Bancorp had a return on equity of 18.30% and a net margin of 35.34%.

Insider Buying and Selling at Oak Valley Bancorp

In other news, Director Daniel J. Leonard bought 1,000 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was bought at an average price of $26.99 per share, for a total transaction of $26,990.00. Following the completion of the purchase, the director now owns 58,223 shares of the company’s stock, valued at approximately $1,571,438.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have purchased 2,923 shares of company stock valued at $74,598. 19.61% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC acquired a new stake in Oak Valley Bancorp during the 3rd quarter worth $55,000. FMR LLC grew its holdings in shares of Oak Valley Bancorp by 2.0% in the 3rd quarter. FMR LLC now owns 214,083 shares of the financial services provider’s stock valued at $5,369,000 after buying an additional 4,213 shares during the period. SG Americas Securities LLC acquired a new position in shares of Oak Valley Bancorp in the 4th quarter valued at $110,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Oak Valley Bancorp by 68.4% in the 4th quarter. BNP Paribas Financial Markets now owns 11,364 shares of the financial services provider’s stock valued at $340,000 after buying an additional 4,616 shares during the period. Institutional investors own 30.86% of the company’s stock.

Oak Valley Bancorp Company Profile

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.