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

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 morning.

Oak Valley Bancorp Trading Up 4.4 %

Shares of OVLY stock opened at $24.30 on Friday. Oak Valley Bancorp has a twelve month low of $22.49 and a twelve month high of $30.70. The stock has a market capitalization of $201.45 million, a price-to-earnings ratio of 6.50 and a beta of 0.36. The stock has a fifty day simple moving average of $24.13 and a two-hundred day simple moving average of $25.64.

Oak Valley Bancorp (NASDAQ:OVLY) last released its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.71 EPS for the quarter. The firm had revenue of $19.67 million during the quarter. Oak Valley Bancorp had a return on equity of 20.92% and a net margin of 35.34%.

Insider Transactions at Oak Valley Bancorp

In related news, Director Daniel J. Leonard purchased 1,000 shares of Oak Valley Bancorp stock in a transaction dated Wednesday, January 31st. The stock was purchased at an average cost of $26.99 per share, with a total value of $26,990.00. Following the transaction, the director now owns 58,223 shares in the company, valued at approximately $1,571,438.77. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In the last three months, insiders purchased 2,923 shares of company stock valued at $74,598. Corporate insiders own 19.61% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Oak Valley Bancorp by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 370,058 shares of the financial services provider’s stock valued at $11,083,000 after buying an additional 1,043 shares in the last quarter. BlackRock Inc. increased its position in Oak Valley Bancorp by 923.4% during the 2nd quarter. BlackRock Inc. now owns 310,184 shares of the financial services provider’s stock valued at $7,814,000 after buying an additional 279,875 shares in the last quarter. FMR LLC increased its position in Oak Valley Bancorp by 2.0% during 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 in the last quarter. rhino investment partners Inc increased its position in Oak Valley Bancorp by 28.7% during the 4th quarter. rhino investment partners Inc now owns 168,063 shares of the financial services provider’s stock valued at $3,807,000 after buying an additional 37,461 shares in the last quarter. Finally, First Republic Investment Management Inc. acquired a new position in Oak Valley Bancorp during the 4th quarter valued at about $3,398,000. 30.86% of the stock is owned by institutional investors and hedge funds.

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.