Oak Valley Bancorp (NASDAQ:OVLY) Upgraded at StockNews.com

StockNews.com upgraded shares of Oak Valley Bancorp (NASDAQ:OVLYFree Report) from a sell rating to a hold rating in a research note released on Wednesday morning.

Oak Valley Bancorp Price Performance

NASDAQ OVLY opened at $23.20 on Wednesday. The firm has a market capitalization of $193.95 million, a price-to-earnings ratio of 7.01 and a beta of 0.35. The company’s fifty day moving average is $23.94 and its two-hundred day moving average is $25.29. Oak Valley Bancorp has a 52-week low of $22.91 and a 52-week high of $30.70.

Oak Valley Bancorp (NASDAQ:OVLYGet Free Report) last issued its earnings results on Friday, April 19th. The financial services provider reported $0.69 earnings per share for the quarter. Oak Valley Bancorp had a net margin of 31.38% and a return on equity of 17.78%. The business had revenue of $18.76 million for the quarter.

Hedge Funds Weigh In On Oak Valley Bancorp

Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Oak Valley Bancorp during the 4th quarter valued at about $110,000. BNP Paribas Financial Markets raised its stake in shares of Oak Valley Bancorp by 68.4% during the fourth quarter. BNP Paribas Financial Markets now owns 11,364 shares of the financial services provider’s stock worth $340,000 after buying an additional 4,616 shares during the last quarter. Empowered Funds LLC grew its holdings in Oak Valley Bancorp by 7.9% during the first quarter. Empowered Funds LLC now owns 33,608 shares of the financial services provider’s stock valued at $833,000 after purchasing an additional 2,450 shares during the period. FMR LLC grew its holdings in Oak Valley Bancorp by 2.0% during the third quarter. FMR LLC now owns 214,083 shares of the financial services provider’s stock valued at $5,369,000 after purchasing an additional 4,213 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Oak Valley Bancorp by 1.8% during the first quarter. Vanguard Group Inc. now owns 376,840 shares of the financial services provider’s stock valued at $9,338,000 after purchasing an additional 6,782 shares during the period. 30.86% of the stock is owned by institutional investors.

About Oak Valley Bancorp

(Get Free Report)

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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