Oak Valley Bancorp (NASDAQ:OVLY) Shares Pass Above 200-Day Moving Average – Time to Sell?

Oak Valley Bancorp (CA) (NASDAQ:OVLY)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $31.30 and traded as high as $33.22. Oak Valley Bancorp shares last traded at $32.78, with a volume of 18,842 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Oak Valley Bancorp in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy”.

Oak Valley Bancorp Stock Down 1.1%

The business has a 50-day simple moving average of $33.01 and a 200-day simple moving average of $31.30. The company has a market cap of $275.68 million, a PE ratio of 11.38 and a beta of 0.21.

Oak Valley Bancorp (NASDAQ:OVLY) last announced its earnings results on Tuesday, May 12th. The financial services provider reported $0.64 earnings per share for the quarter. Oak Valley Bancorp had a return on equity of 11.99% and a net margin of 24.80%.The business had revenue of $20.78 million during the quarter.

Hedge Funds Weigh In On Oak Valley Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new stake in shares of Oak Valley Bancorp in the fourth quarter valued at about $42,000. BNP Paribas Financial Markets lifted its stake in Oak Valley Bancorp by 123.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,708 shares of the financial services provider’s stock valued at $76,000 after buying an additional 1,496 shares in the last quarter. CWM LLC boosted its holdings in Oak Valley Bancorp by 43.9% in the 3rd quarter. CWM LLC now owns 3,280 shares of the financial services provider’s stock worth $92,000 after buying an additional 1,001 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Oak Valley Bancorp by 23.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,997 shares of the financial services provider’s stock worth $169,000 after buying an additional 1,145 shares during the last quarter. Finally, Legato Capital Management LLC purchased a new stake in Oak Valley Bancorp during the 4th quarter worth approximately $207,000. 30.86% of the stock is owned by hedge funds and other institutional investors.

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.