Stock analysts at StockNews.com started coverage on shares of Oak Valley Bancorp (NASDAQ:OVLY – Get Rating) in a report released on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.
Oak Valley Bancorp Stock Up 0.9 %
Oak Valley Bancorp stock opened at $18.36 on Monday. Oak Valley Bancorp has a 52-week low of $16.52 and a 52-week high of $19.75. The firm has a fifty day moving average of $18.17 and a 200-day moving average of $17.87. The firm has a market capitalization of $151.56 million, a P/E ratio of 10.26 and a beta of 0.36.
Oak Valley Bancorp (NASDAQ:OVLY – Get Rating) last released its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.52 earnings per share (EPS) for the quarter. Oak Valley Bancorp had a net margin of 26.56% and a return on equity of 11.00%. The company had revenue of $14.60 million during the quarter.
Insider Transactions at Oak Valley Bancorp
In other Oak Valley Bancorp news, Director Lynn Dickerson purchased 1,917 shares of Oak Valley Bancorp stock in a transaction dated Thursday, August 4th. The shares were bought at an average cost of $17.85 per share, for a total transaction of $34,218.45. Following the transaction, the director now owns 14,077 shares in the company, valued at approximately $251,274.45. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders have acquired 2,083 shares of company stock worth $37,245. 19.11% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Oak Valley Bancorp
Several hedge funds have recently made changes to their positions in OVLY. Strategic Value Bank Partners LLC grew its stake in shares of Oak Valley Bancorp by 10.2% in the 1st quarter. Strategic Value Bank Partners LLC now owns 136,942 shares of the financial services provider’s stock worth $2,527,000 after purchasing an additional 12,699 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Oak Valley Bancorp by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 243,536 shares of the financial services provider’s stock worth $4,493,000 after purchasing an additional 7,730 shares during the last quarter. rhino investment partners Inc boosted its holdings in shares of Oak Valley Bancorp by 5.6% in the first quarter. rhino investment partners Inc now owns 130,602 shares of the financial services provider’s stock worth $2,410,000 after buying an additional 6,931 shares during the period. State Street Corp boosted its holdings 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 worth $321,000 after buying an additional 1,970 shares during the period. Finally, BHZ Capital Management LP boosted its holdings 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 worth $798,000 after buying an additional 1,400 shares during the period. Institutional investors and hedge funds own 25.20% of the company’s stock.
About Oak Valley Bancorp
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.