Oak Valley Bancorp (NASDAQ:OVLY) Raised to “Hold” at StockNews.com

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

Oak Valley Bancorp Trading Up 2.9 %

NASDAQ:OVLY opened at $24.78 on Tuesday. The stock has a market capitalization of $207.09 million, a PE ratio of 8.21 and a beta of 0.28. Oak Valley Bancorp has a 1-year low of $22.70 and a 1-year high of $32.24. The firm has a fifty day simple moving average of $25.82 and a 200 day simple moving average of $27.33.

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

Insider Activity

In related news, Director H Randolph Holder, Jr. bought 6,000 shares of the business’s stock in a transaction dated Wednesday, January 29th. The stock was bought at an average price of $25.97 per share, for a total transaction of $155,820.00. Following the purchase, the director now owns 147,633 shares in the company, valued at $3,834,029.01. This represents a 4.24 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary Strong purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was bought at an average price of $27.17 per share, for a total transaction of $27,170.00. Following the purchase, the director now owns 11,842 shares in the company, valued at $321,747.14. The trade was a 9.22 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 10,202 shares of company stock valued at $264,377 over the last three months. Insiders own 19.26% of the company’s stock.

Hedge Funds Weigh In On Oak Valley Bancorp

A number of large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its holdings in Oak Valley Bancorp by 190.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,506 shares of the financial services provider’s stock valued at $44,000 after buying an additional 987 shares in the last quarter. Deutsche Bank AG bought a new stake in shares of Oak Valley Bancorp in the fourth quarter valued at about $59,000. Sierra Ocean LLC bought a new stake in Oak Valley Bancorp in the 4th quarter valued at about $163,000. Legato Capital Management LLC acquired a new stake in Oak Valley Bancorp during the fourth quarter worth approximately $212,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Oak Valley Bancorp by 12.2% during the 4th quarter. Wells Fargo & Company MN now owns 8,000 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 872 shares in the last quarter. Institutional investors own 30.86% of the company’s stock.

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.