StockNews.com downgraded shares of Oak Valley Bancorp (NASDAQ:OVLY – Free Report) from a hold rating to a sell rating in a research note issued to investors on Friday morning.
Oak Valley Bancorp Stock Performance
OVLY opened at $24.30 on Friday. The business’s 50-day simple moving average is $24.13 and its 200-day simple moving average is $25.64. Oak Valley Bancorp has a one year low of $22.49 and a one year high of $30.70. The stock has a market capitalization of $201.45 million, a P/E ratio of 6.50 and a beta of 0.36.
Oak Valley Bancorp (NASDAQ:OVLY – Get Free Report) last posted its earnings results on Friday, January 19th. The financial services provider reported $0.71 EPS for the quarter. Oak Valley Bancorp had a return on equity of 20.92% and a net margin of 35.34%. The business had revenue of $19.67 million for the quarter.
Insider Transactions at Oak Valley Bancorp
Hedge Funds Weigh In On Oak Valley Bancorp
Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SNC acquired a new position in Oak Valley Bancorp in the 2nd quarter valued at about $44,000. Tower Research Capital LLC TRC increased its position in Oak Valley Bancorp by 36.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,056 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 549 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Oak Valley Bancorp in the 3rd quarter valued at about $55,000. California State Teachers Retirement System acquired a new position in Oak Valley Bancorp in the 2nd quarter valued at about $56,000. Finally, MetLife Investment Management LLC acquired a new position in Oak Valley Bancorp in the 2nd quarter valued at about $92,000. Institutional investors and hedge funds 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.
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