StockNews.com Lowers Oak Valley Bancorp (NASDAQ:OVLY) to Sell

StockNews.com lowered shares of Oak Valley Bancorp (NASDAQ:OVLY) from a hold rating to a sell rating in a research note published on Friday.

Oak Valley Bancorp Price Performance

OVLY stock opened at $24.30 on Friday. The business has a 50-day moving average of $24.13 and a 200-day moving average of $25.65. Oak Valley Bancorp has a fifty-two week low of $22.49 and a fifty-two week high of $30.70. The stock has a market capitalization of $201.45 million, a P/E ratio of 7.34 and a beta of 0.36.

Oak Valley Bancorp (NASDAQ:OVLY) last issued its quarterly 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 firm had revenue of $19.67 million during the quarter.

Insider Activity

In other Oak Valley Bancorp news, Director Daniel J. Leonard acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was bought at an average cost of $26.99 per share, with a total value of $26,990.00. Following the completion of the transaction, the director now directly owns 58,223 shares in the company, valued at approximately $1,571,438.77. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders acquired a total of 2,923 shares of company stock valued at $74,598 over the last three months. Insiders own 19.61% 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. Vanguard Group Inc. increased its stake in shares of Oak Valley Bancorp by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 370,058 shares of the financial services provider’s stock worth $11,083,000 after purchasing an additional 1,043 shares during the period. BlackRock Inc. increased its stake in Oak Valley Bancorp by 923.4% during the 2nd quarter. BlackRock Inc. now owns 310,184 shares of the financial services provider’s stock worth $7,814,000 after acquiring an additional 279,875 shares during the period. FMR LLC increased its stake in Oak Valley Bancorp by 2.0% during the 3rd quarter. FMR LLC now owns 214,083 shares of the financial services provider’s stock worth $5,369,000 after acquiring an additional 4,213 shares during the period. rhino investment partners Inc increased its stake in Oak Valley Bancorp by 28.7% during the 4th quarter. rhino investment partners Inc now owns 168,063 shares of the financial services provider’s stock worth $3,807,000 after acquiring an additional 37,461 shares during the period. Finally, First Republic Investment Management Inc. bought a new position in Oak Valley Bancorp during the 4th quarter worth $3,398,000. 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.