Oak Valley Bancorp (NASDAQ:OVLY) Releases Quarterly Earnings Results

Oak Valley Bancorp (NASDAQ:OVLY) announced its earnings results on Wednesday. The financial services provider reported $0.77 EPS for the quarter, Zacks reports. Oak Valley Bancorp had a return on equity of 11.31% and a net margin of 24.05%.

Oak Valley Bancorp Stock Down 1.1%

Shares of OVLY stock traded down $0.36 during trading hours on Wednesday, reaching $33.24. 11,780 shares of the stock traded hands, compared to its average volume of 29,993. The firm has a market capitalization of $279.55 million, a PE ratio of 11.79 and a beta of 0.22. Oak Valley Bancorp has a 1-year low of $26.47 and a 1-year high of $35.97. The business has a fifty day moving average price of $34.15 and a 200 day moving average price of $33.82.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Oak Valley Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 14th. One analyst has rated the stock with a Buy rating. According to MarketBeat, the company presently has an average rating of “Buy”.

Insiders Place Their Bets

In other Oak Valley Bancorp news, Director Allison Lafferty bought 1,307 shares of Oak Valley Bancorp stock in a transaction dated Wednesday, August 26th. The stock was bought at an average price of $33.93 per share, for a total transaction of $44,346.51. Following the completion of the acquisition, the director directly owned 10,000 shares of the company’s stock, valued at approximately $339,300. This trade represents a 15.04% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gary Strong bought 2,000 shares of the firm’s stock in a transaction dated Monday, July 27th. The stock was acquired at an average cost of $32.50 per share, with a total value of $65,000.00. Following the transaction, the director owned 14,842 shares of the company’s stock, valued at $482,365. This trade represents a 15.57% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 3,797 shares of company stock valued at $126,084 and sold 1,125 shares valued at $37,808. 13.94% of the stock is owned by corporate insiders.

About Oak Valley Bancorp

Oak Valley Bancorp is a bank holding company headquartered in Oakdale, California. Through its subsidiary, Oak Valley Community Bank, the company provides banking services to individuals, families, farmers, and businesses in California’s Central Valley.

Oak Valley Community Bank offers deposit products, commercial and agricultural loans, commercial real estate financing, residential real estate loans, consumer lending, and small-business financing. Its services also include treasury management, online and mobile banking, cash management, and other business banking solutions.

Founded in 1991, Oak Valley Community Bank serves communities primarily in Stanislaus, San Joaquin, and Merced counties through branch locations and digital banking channels.