Oak Valley Bancorp (NASDAQ:OVLY) Stock Passes Below 200 Day Moving Average – Should You Sell?

Oak Valley Bancorp (NASDAQ:OVLY)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $26.55 and traded as low as $26.34. Oak Valley Bancorp shares last traded at $26.34, with a volume of 5,433 shares trading hands.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Oak Valley Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, April 8th.

Oak Valley Bancorp Stock Up 0.1%

The stock has a market capitalization of $220.78 million, a price-to-earnings ratio of 8.72 and a beta of 0.44. The company has a 50 day simple moving average of $25.19 and a 200-day simple moving average of $26.55.

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

Insider Activity

In other news, Director H Randolph Holder, Jr. bought 2,000 shares of the stock in a transaction dated Tuesday, May 27th. The shares were bought at an average cost of $24.83 per share, with a total value of $49,660.00. Following the completion of the transaction, the director now directly owns 152,176 shares of the company’s stock, valued at $3,778,530.08. This trade represents a 1.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have purchased 3,210 shares of company stock worth $80,447 and have sold 1,150 shares worth $28,751. Company insiders own 18.08% of the company’s stock.

Institutional Trading of Oak Valley Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. M3F Inc. lifted its stake in shares of Oak Valley Bancorp by 0.8% in the first quarter. M3F Inc. now owns 122,436 shares of the financial services provider’s stock valued at $3,056,000 after buying an additional 1,000 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Oak Valley Bancorp by 33.3% in the 1st quarter. Hsbc Holdings PLC now owns 12,434 shares of the financial services provider’s stock worth $314,000 after acquiring an additional 3,104 shares during the last quarter. Nuveen LLC bought a new position in Oak Valley Bancorp in the 1st quarter valued at about $217,000. Deutsche Bank AG boosted its stake in Oak Valley Bancorp by 80.1% during the 1st quarter. Deutsche Bank AG now owns 3,657 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 1,627 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in Oak Valley Bancorp by 392.3% during the 1st quarter. Cetera Investment Advisers now owns 45,719 shares of the financial services provider’s stock valued at $1,141,000 after purchasing an additional 36,432 shares during the last quarter. 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.