Oak Valley Bancorp (NASDAQ:OVLY) Stock Passes Below 200-Day Moving Average of $25.69

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) shares 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 changing hands.

Analysts Set New Price Targets

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

Oak Valley Bancorp Stock Up 0.6 %

The company has a market capitalization of $192.74 million, a PE ratio of 6.22 and a beta of 0.36. The stock has a 50-day moving average of $24.20 and a 200 day moving average of $25.68.

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

Insiders Place Their Bets

In other news, Director Daniel J. Leonard bought 1,000 shares of the firm's stock in a transaction on Wednesday, January 31st. The stock was acquired at an average cost of $26.99 per share, with a total value of $26,990.00. Following the completion of the transaction, the director now directly owns 58,223 shares of the company's stock, valued at approximately $1,571,438.77. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders bought 2,923 shares of company stock valued at $74,598 over the last ninety days. 19.61% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Oak Valley Bancorp

Large investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SNC bought a new stake in Oak Valley Bancorp during the second quarter valued at $44,000. Tower Research Capital LLC TRC boosted its stake in 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 valued at $48,000 after buying an additional 549 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Oak Valley Bancorp during the third quarter valued at $55,000. California State Teachers Retirement System bought a new stake in Oak Valley Bancorp during the second quarter valued at $56,000. Finally, MetLife Investment Management LLC bought a new stake in Oak Valley Bancorp during the second quarter valued at $92,000. 30.86% of the stock is owned by institutional investors.

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.