Oak Valley Bancorp (NASDAQ:OVLY) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Shares of Oak Valley Bancorp (NASDAQ:OVLY) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $27.94 and traded as high as $27.95. Oak Valley Bancorp shares last traded at $27.90, with a volume of 23,252 shares.

Oak Valley Bancorp Trading Up 7.7 %

The company’s 50-day moving average is $27.94 and its two-hundred day moving average is $27.41. The stock has a market capitalization of $233.24 million, a P/E ratio of 9.24 and a beta of 0.33.

Oak Valley Bancorp (NASDAQ:OVLY) last released its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.73 earnings per share for the quarter. Oak Valley Bancorp had a return on equity of 14.28% and a net margin of 28.03%.

Oak Valley Bancorp Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.30 per share. This represents a yield of 1.7%. The ex-dividend date is Monday, February 3rd. This is a positive change from Oak Valley Bancorp’s previous semi-annual dividend of $0.23. Oak Valley Bancorp’s payout ratio is 19.87%.

Insider Transactions at Oak Valley Bancorp

In other news, Director Gary Strong purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was purchased at an average cost of $27.17 per share, with a total value of $27,170.00. Following the purchase, the director now owns 11,842 shares in the company, valued at $321,747.14. This trade represents a 9.22 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director H Randolph Holder, Jr. acquired 6,000 shares of the company’s stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average cost of $25.97 per share, for a total transaction of $155,820.00. Following the purchase, the director now directly owns 147,633 shares in the company, valued at approximately $3,834,029.01. This represents a 4.24 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 7,381 shares of company stock valued at $192,702. 19.26% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Seizert Capital Partners LLC lifted its holdings in Oak Valley Bancorp by 18.0% in the 4th quarter. Seizert Capital Partners LLC now owns 14,539 shares of the financial services provider’s stock valued at $425,000 after acquiring an additional 2,217 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Oak Valley Bancorp by 8.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,772 shares of the financial services provider’s stock worth $608,000 after purchasing an additional 1,679 shares in the last quarter. Sierra Ocean LLC acquired a new stake in Oak Valley Bancorp during the fourth quarter valued at approximately $163,000. Valmark Advisers Inc. acquired a new stake in Oak Valley Bancorp during the fourth quarter valued at approximately $1,726,000. Finally, Legato Capital Management LLC bought a new stake in Oak Valley Bancorp during the fourth quarter worth approximately $212,000. Institutional investors own 30.86% 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.