Oak Valley Bancorp (NASDAQ:OVLY) Stock Rating Lowered by StockNews.com

Oak Valley Bancorp (NASDAQ:OVLY) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

Oak Valley Bancorp Trading Down 0.1 %

Shares of NASDAQ:OVLY opened at $24.94 on Monday. The firm has a market cap of $208.47 million, a price-to-earnings ratio of 8.26 and a beta of 0.28. The stock’s 50-day moving average price is $25.96 and its two-hundred day moving average price is $27.39. Oak Valley Bancorp has a 12-month low of $23.00 and a 12-month high of $32.24.

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

Insider Activity at Oak Valley Bancorp

In other Oak Valley Bancorp news, Director H Randolph Holder, Jr. bought 2,393 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average price of $25.00 per share, with a total value of $59,825.00. Following the transaction, the director now owns 150,026 shares in the company, valued at $3,750,650. This trade represents a 1.62 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gary Strong acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were acquired at an average price of $27.17 per share, with a total value of $27,170.00. Following the completion of the purchase, the director now owns 11,842 shares of the company’s stock, valued at $321,747.14. This trade represents a 9.22 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 9,924 shares of company stock worth $256,577. 19.26% of the stock is owned by insiders.

Institutional Investors Weigh In On Oak Valley Bancorp

Several institutional investors and hedge funds have recently modified their holdings of OVLY. FMR LLC lifted its position in Oak Valley Bancorp by 0.4% during the 3rd quarter. FMR LLC now owns 217,128 shares of the financial services provider’s stock worth $5,769,000 after acquiring an additional 842 shares in the last quarter. State Street Corp raised its stake in shares of Oak Valley Bancorp by 0.6% during the third quarter. State Street Corp now owns 86,390 shares of the financial services provider’s stock valued at $2,295,000 after purchasing an additional 510 shares during the period. Barclays PLC lifted its position in shares of Oak Valley Bancorp by 122.8% during the third quarter. Barclays PLC now owns 15,368 shares of the financial services provider’s stock worth $408,000 after purchasing an additional 8,471 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Oak Valley Bancorp by 2.4% in the third quarter. Geode Capital Management LLC now owns 155,526 shares of the financial services provider’s stock valued at $4,133,000 after purchasing an additional 3,646 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Oak Valley Bancorp by 123.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,755 shares of the financial services provider’s stock valued at $286,000 after purchasing an additional 5,945 shares in the last quarter. Hedge funds and other 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.