SG Americas Securities LLC Purchases New Position in Oak Valley Bancorp (NASDAQ:OVLY)

SG Americas Securities LLC acquired a new position in Oak Valley Bancorp (NASDAQ:OVLY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,661 shares of the financial services provider’s stock, valued at approximately $110,000.

Several other institutional investors and hedge funds have also bought and sold shares of OVLY. BNP Paribas Arbitrage SNC purchased a new stake in Oak Valley Bancorp in the second quarter worth $44,000. Tower Research Capital LLC TRC lifted its position in shares of Oak Valley Bancorp by 36.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,056 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 549 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of Oak Valley Bancorp in the 3rd quarter worth about $55,000. California State Teachers Retirement System bought a new stake in shares of Oak Valley Bancorp during the 2nd quarter valued at about $56,000. Finally, MetLife Investment Management LLC purchased a new position in shares of Oak Valley Bancorp during the second quarter valued at about $92,000. Hedge funds and other institutional investors own 30.86% of the company’s stock.

Insider Buying and Selling

In other Oak Valley Bancorp news, Director Daniel J. Leonard bought 1,000 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was acquired at an average price of $26.99 per share, with a total value of $26,990.00. Following the completion of the purchase, the director now owns 58,223 shares of the company’s stock, valued at $1,571,438.77. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have acquired 2,923 shares of company stock valued at $74,598 over the last quarter. Corporate insiders own 19.61% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Oak Valley Bancorp from a “hold” rating to a “sell” rating in a report on Friday.

Oak Valley Bancorp Stock Up 4.4 %

Shares of OVLY stock opened at $24.30 on Friday. The business’s fifty day moving average is $24.13 and its 200 day moving average is $25.64. The stock has a market cap of $201.52 million, a price-to-earnings ratio of 6.50 and a beta of 0.36. Oak Valley Bancorp has a twelve month low of $22.49 and a twelve month high of $30.70.

Oak Valley Bancorp (NASDAQ:OVLY) last announced its 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 for the quarter. Oak Valley Bancorp had a net margin of 35.34% and a return on equity of 20.92%.

Oak Valley Bancorp Company Profile

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.