Oak Valley Bancorp (NASDAQ:OVLY) EVP David S. Harvey sold 5,260 shares of the company’s stock in a transaction that occurred on Friday, May 18th. The stock was sold at an average price of $20.04, for a total value of $105,410.40. Following the completion of the sale, the executive vice president now owns 35,180 shares of the company’s stock, valued at $705,007.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NASDAQ:OVLY opened at $20.53 on Thursday. The firm has a market cap of $168.96 million, a PE ratio of 15.53 and a beta of -0.01. Oak Valley Bancorp has a one year low of $13.61 and a one year high of $23.89.
Oak Valley Bancorp (NASDAQ:OVLY) last posted its earnings results on Wednesday, April 18th. The financial services provider reported $0.35 EPS for the quarter. The firm had revenue of $10.45 million during the quarter. Oak Valley Bancorp had a return on equity of 11.85% and a net margin of 22.98%.
Separately, ValuEngine upgraded Oak Valley Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd.
Several hedge funds and other institutional investors have recently bought and sold shares of OVLY. Millennium Management LLC bought a new position in shares of Oak Valley Bancorp during the 1st quarter valued at approximately $1,655,000. Basswood Capital Management L.L.C. bought a new position in shares of Oak Valley Bancorp during the 4th quarter valued at approximately $622,000. Finally, Maltese Capital Management LLC boosted its position in shares of Oak Valley Bancorp by 12.0% during the 4th quarter. Maltese Capital Management LLC now owns 120,100 shares of the financial services provider’s stock valued at $2,347,000 after acquiring an additional 12,900 shares during the last quarter. Hedge funds and other institutional investors own 15.28% 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 banking products and services to individuals and business enterprises in Oakdale, California and surrounding areas. The company accepts various deposits products, such as checking and savings, money market, health savings, and individual retirement accounts, as well as certificates of deposit.
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