Oak Valley Bancorp (NASDAQ:OVLY) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Shares of Oak Valley Bancorp (CA) (NASDAQ:OVLY) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $32.55 and traded as high as $33.34. Oak Valley Bancorp shares last traded at $33.20, with a volume of 23,192 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oak Valley Bancorp in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Oak Valley Bancorp Stock Up 2.6%

The stock has a market cap of $286.02 million, a price-to-earnings ratio of 11.81 and a beta of 0.23. The firm’s 50 day moving average is $32.62 and its two-hundred day moving average is $30.16.

Oak Valley Bancorp (NASDAQ:OVLY) last released its quarterly earnings data on Monday, January 26th. The financial services provider reported $0.76 earnings per share for the quarter. The firm had revenue of $21.29 million for the quarter. Oak Valley Bancorp had a net margin of 25.16% and a return on equity of 12.33%.

Oak Valley Bancorp Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were paid a dividend of $0.375 per share. The ex-dividend date was Monday, February 2nd. This represents a yield of 232.0%. Oak Valley Bancorp’s dividend payout ratio is 26.04%.

Institutional Investors Weigh In On Oak Valley Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new stake in Oak Valley Bancorp during the fourth quarter worth about $42,000. BNP Paribas Financial Markets increased its stake in shares of Oak Valley Bancorp by 123.4% in the third quarter. BNP Paribas Financial Markets now owns 2,708 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 1,496 shares during the period. CWM LLC increased its stake in shares of Oak Valley Bancorp by 43.9% in the third quarter. CWM LLC now owns 3,280 shares of the financial services provider’s stock valued at $92,000 after purchasing an additional 1,001 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Oak Valley Bancorp by 23.6% in the third quarter. JPMorgan Chase & Co. now owns 5,997 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 1,145 shares during the period. Finally, Legato Capital Management LLC acquired a new stake in shares of Oak Valley Bancorp in the fourth quarter valued at approximately $207,000. Institutional investors and hedge funds own 30.86% of the company’s stock.

About Oak Valley Bancorp

Oak Valley Bancorp is the bank holding company for Oak Valley Community Bank, a California-chartered commercial bank headquartered in Lodi, California. Through its subsidiary, the company offers a full suite of banking services tailored to individuals, businesses, agricultural enterprises and nonprofit organizations. Its product portfolio includes checking and savings accounts, money market instruments, certificates of deposit and individual retirement accounts, alongside digital banking tools such as mobile and online banking platforms.

On the lending side, Oak Valley Bancorp provides commercial real estate and construction loans, agricultural and farm real estate financing, equipment leases, SBA-initiated programs and lines of credit.