JPMorgan Chase & Co. Grows Stock Holdings in Oak Valley Bancorp (NASDAQ:OVLY)

JPMorgan Chase & Co. raised its holdings in shares of Oak Valley Bancorp (NASDAQ:OVLY) by 118.8% during the fourth quarter, HoldingsChannel reports. The fund owned 23,537 shares of the financial services provider’s stock after purchasing an additional 12,782 shares during the quarter. JPMorgan Chase & Co.’s holdings in Oak Valley Bancorp were worth $688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Seizert Capital Partners LLC raised its stake in shares of Oak Valley Bancorp by 18.0% during the 4th quarter. Seizert Capital Partners LLC now owns 14,539 shares of the financial services provider’s stock valued at $425,000 after purchasing an additional 2,217 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Oak Valley Bancorp by 8.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,772 shares of the financial services provider’s stock valued at $608,000 after buying an additional 1,679 shares in the last quarter. Sierra Ocean LLC purchased a new position in Oak Valley Bancorp during the 4th quarter valued at about $163,000. Valmark Advisers Inc. bought a new stake in shares of Oak Valley Bancorp during the fourth quarter valued at about $1,726,000. Finally, Legato Capital Management LLC purchased a new stake in shares of Oak Valley Bancorp in the fourth quarter worth about $212,000. Hedge funds and other institutional investors own 30.86% of the company’s stock.

Insider Buying and Selling at Oak Valley Bancorp

In related news, Director H Randolph Holder, Jr. acquired 2,393 shares of the stock in a transaction dated Monday, February 10th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $59,825.00. Following the transaction, the director now owns 150,026 shares in the company, valued at $3,750,650. This represents a 1.62 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last three months, insiders purchased 4,014 shares of company stock worth $101,879 and sold 990 shares worth $25,026. 19.26% of the stock is currently owned by company insiders.

Oak Valley Bancorp Stock Performance

Oak Valley Bancorp stock opened at $25.69 on Wednesday. The stock has a market cap of $214.69 million, a P/E ratio of 8.51 and a beta of 0.28. Oak Valley Bancorp has a fifty-two week low of $22.70 and a fifty-two week high of $32.24. The firm’s fifty day moving average price is $24.94 and its 200-day moving average price is $27.08.

Oak Valley Bancorp (NASDAQ:OVLY) last released its quarterly earnings results on Friday, April 18th. The financial services provider reported $0.64 earnings per share for the quarter. Oak Valley Bancorp had a return on equity of 14.28% and a net margin of 28.03%. The firm had revenue of $19.42 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Oak Valley Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, April 8th.

Oak Valley Bancorp 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.