Oak Valley Bancorp (NASDAQ:OVLY) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in shares of Oak Valley Bancorp (NASDAQ:OVLY - Free Report) by 118.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,537 shares of the financial services provider's stock after purchasing an additional 12,782 shares during the period. JPMorgan Chase & Co. owned approximately 0.28% of Oak Valley Bancorp worth $688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Valmark Advisers Inc. purchased a new position in Oak Valley Bancorp in the fourth quarter valued at $1,726,000. Barclays PLC raised its holdings in Oak Valley Bancorp by 122.8% in the 3rd quarter. Barclays PLC now owns 15,368 shares of the financial services provider's stock worth $408,000 after purchasing an additional 8,471 shares during the period. Legato Capital Management LLC purchased a new position in Oak Valley Bancorp during the fourth quarter worth approximately $212,000. Sierra Ocean LLC acquired a new stake in Oak Valley Bancorp in the fourth quarter valued at approximately $163,000. Finally, Geode Capital Management LLC increased its position in shares of Oak Valley Bancorp by 2.4% in the third quarter. Geode Capital Management LLC now owns 155,526 shares of the financial services provider's stock valued at $4,133,000 after buying an additional 3,646 shares in the last quarter. 30.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director H Randolph Holder, Jr. bought 2,393 shares of the firm's stock in a transaction on Monday, February 10th. The shares were bought at an average cost of $25.00 per share, for a total transaction of $59,825.00. Following the acquisition, the director now directly owns 150,026 shares of the company's stock, valued at $3,750,650. This trade represents a 1.62 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders purchased 4,412 shares of company stock worth $112,175 and sold 1,390 shares worth $34,986. Company insiders own 19.26% of the company's stock.

Oak Valley Bancorp Price Performance

Oak Valley Bancorp stock traded up $0.75 during midday trading on Friday, reaching $26.20. The company had a trading volume of 5,083 shares, compared to its average volume of 13,103. Oak Valley Bancorp has a 12-month low of $22.70 and a 12-month high of $32.24. The firm's fifty day simple moving average is $24.88 and its 200-day simple moving average is $27.06. The company has a market capitalization of $218.95 million, a P/E ratio of 8.68 and a beta of 0.28.

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last issued its earnings results on Friday, April 18th. The financial services provider reported $0.64 EPS for the quarter. The business had revenue of $19.42 million during the quarter. Oak Valley Bancorp had a net margin of 28.03% and a return on equity of 14.28%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Oak Valley Bancorp from a "sell" rating to a "hold" rating in a report on Tuesday, April 8th.

Oak Valley Bancorp Profile

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.