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

Oak Valley Bancorp (NASDAQ:OVLY) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

Oak Valley Bancorp Trading Down 1.6 %

Shares of Oak Valley Bancorp stock opened at $27.50 on Tuesday. The business has a 50-day moving average price of $27.81 and a two-hundred day moving average price of $27.41. Oak Valley Bancorp has a 1-year low of $22.91 and a 1-year high of $32.24. The company has a market cap of $229.90 million, a P/E ratio of 9.11 and a beta of 0.33.

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

Insider Buying and Selling at Oak Valley Bancorp

In other news, Director Gary Strong purchased 1,000 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were purchased at an average price of $27.17 per share, with a total value of $27,170.00. Following the completion of the acquisition, 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 acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director H Randolph Holder, Jr. bought 2,393 shares of Oak Valley Bancorp stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $59,825.00. Following the purchase, the director now owns 150,026 shares of the company’s stock, valued at $3,750,650. The trade was a 1.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 9,774 shares of company stock worth $252,527. Insiders own 19.26% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Empowered Funds LLC boosted its holdings in shares of Oak Valley Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 38,004 shares of the financial services provider’s stock worth $1,010,000 after purchasing an additional 1,876 shares during the period. Seizert Capital Partners LLC purchased a new stake in Oak Valley Bancorp in the third quarter worth about $327,000. FMR LLC lifted its holdings in Oak Valley Bancorp by 0.4% in the third quarter. FMR LLC now owns 217,128 shares of the financial services provider’s stock worth $5,769,000 after buying an additional 842 shares during the period. Fourthstone LLC purchased a new stake in Oak Valley Bancorp in the third quarter worth about $295,000. Finally, State Street Corp lifted its holdings in Oak Valley Bancorp by 0.6% in the third quarter. State Street Corp now owns 86,390 shares of the financial services provider’s stock worth $2,295,000 after buying an additional 510 shares during the period. 30.86% of the stock is owned by institutional investors.

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.