Oak Valley Bancorp (NASDAQ:OVLY) Shares Sold by M3F Inc.

M3F Inc. trimmed its position in shares of Oak Valley Bancorp (NASDAQ:OVLY - Free Report) by 9.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,436 shares of the financial services provider's stock after selling 12,548 shares during the period. Oak Valley Bancorp makes up about 1.0% of M3F Inc.'s holdings, making the stock its 20th largest holding. M3F Inc. owned about 1.45% of Oak Valley Bancorp worth $3,552,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of OVLY. Sierra Ocean LLC acquired a new position in Oak Valley Bancorp during the 4th quarter worth about $163,000. Legato Capital Management LLC purchased a new stake in Oak Valley Bancorp during the fourth quarter worth about $212,000. Wells Fargo & Company MN increased its stake in Oak Valley Bancorp by 12.2% during the fourth quarter. Wells Fargo & Company MN now owns 8,000 shares of the financial services provider's stock worth $234,000 after purchasing an additional 872 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Oak Valley Bancorp by 123.6% during the third quarter. JPMorgan Chase & Co. now owns 10,755 shares of the financial services provider's stock worth $286,000 after purchasing an additional 5,945 shares in the last quarter. Finally, Seizert Capital Partners LLC boosted its stake in shares of Oak Valley Bancorp by 18.0% in the fourth quarter. Seizert Capital Partners LLC now owns 14,539 shares of the financial services provider's stock valued at $425,000 after purchasing an additional 2,217 shares during the period. 30.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Oak Valley Bancorp news, Director H Randolph Holder, Jr. purchased 6,000 shares of the firm's stock in a transaction on Wednesday, January 29th. The stock was bought at an average cost of $25.97 per share, with a total value of $155,820.00. Following the acquisition, the director now directly owns 147,633 shares of the company's stock, valued at approximately $3,834,029.01. This represents a 4.24 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders bought 10,014 shares of company stock worth $257,699 and sold 990 shares worth $25,026. 19.26% of the stock is owned by insiders.

Oak Valley Bancorp Price Performance

Shares of NASDAQ OVLY traded down $0.38 during mid-day trading on Friday, hitting $24.52. The company had a trading volume of 2,301 shares, compared to its average volume of 13,058. The company has a market capitalization of $204.95 million, a PE ratio of 8.12 and a beta of 0.28. The business's 50-day simple moving average is $25.09 and its 200 day simple moving average is $27.08. Oak Valley Bancorp has a 1-year low of $22.70 and a 1-year high of $32.24.

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

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.