Oak Valley Bancorp (NASDAQ:OVLY) Share Price Crosses Below Two Hundred Day Moving Average of $25.69

Shares of Oak Valley Bancorp (NASDAQ:OVLY) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $25.69 and traded as low as $23.12. Oak Valley Bancorp shares last traded at $23.12, with a volume of 5,203 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com upgraded Oak Valley Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th.

Oak Valley Bancorp Stock Performance

The firm’s 50 day moving average price is $24.17 and its two-hundred day moving average price is $25.66. The firm has a market cap of $193.74 million, a PE ratio of 6.25 and a beta of 0.36.

Oak Valley Bancorp (NASDAQ:OVLY) last released its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.71 EPS for the quarter. The firm had revenue of $19.67 million for the quarter. Oak Valley Bancorp had a return on equity of 20.92% and a net margin of 35.34%.

Insider Activity

In related news, Director Daniel J. Leonard bought 1,000 shares of the stock in a transaction on Wednesday, January 31st. The stock was bought at an average price of $26.99 per share, with a total value of $26,990.00. Following the completion of the purchase, the director now directly owns 58,223 shares in the company, valued at approximately $1,571,438.77. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired a total of 2,923 shares of company stock valued at $74,598 in the last quarter. Insiders own 19.61% of the company’s stock.

Institutional Investors Weigh In On Oak Valley Bancorp

Several institutional investors and hedge funds have recently modified their holdings of OVLY. Tower Research Capital LLC TRC lifted its position in shares of Oak Valley Bancorp by 36.4% during the first quarter. Tower Research Capital LLC TRC now owns 2,056 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 549 shares in the last quarter. UBS Group AG raised its position in shares of Oak Valley Bancorp by 8.5% during the 1st quarter. UBS Group AG now owns 7,956 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 624 shares in the last quarter. State Street Corp increased its holdings in shares of Oak Valley Bancorp by 4.5% in the 1st quarter. State Street Corp now owns 20,688 shares of the financial services provider’s stock valued at $489,000 after acquiring an additional 900 shares during the period. Vanguard Group Inc. grew its position in Oak Valley Bancorp by 0.3% during the 4th 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 last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Oak Valley Bancorp by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 55,833 shares of the financial services provider’s stock valued at $1,264,000 after buying an additional 1,651 shares during the last quarter. Hedge funds and other 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.