Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) Director Ronald C. Martin sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $24.73, for a total transaction of $24,730.00. Following the sale, the director now owns 153,447 shares in the company, valued at $3,794,744.31. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Oak Valley Bancorp Trading Down 1.0 %
Shares of OVLY traded down $0.25 during mid-day trading on Tuesday, reaching $24.75. The company's stock had a trading volume of 6,826 shares, compared to its average volume of 11,085. Oak Valley Bancorp has a 1-year low of $22.49 and a 1-year high of $30.70. The business has a 50-day simple moving average of $24.00 and a two-hundred day simple moving average of $25.62. The stock has a market cap of $206.91 million, a P/E ratio of 7.48 and a beta of 0.36.
Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last released its quarterly earnings data on Friday, April 19th. The financial services provider reported $0.69 EPS for the quarter. The firm had revenue of $18.76 million during the quarter. Oak Valley Bancorp had a net margin of 35.34% and a return on equity of 18.30%.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Oak Valley Bancorp from a "sell" rating to a "hold" rating in a research report on Monday.
Read Our Latest Stock Analysis on OVLY
Institutional Investors Weigh In On Oak Valley Bancorp
Hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in Oak Valley Bancorp in the 3rd quarter worth about $55,000. Empowered Funds LLC grew its holdings in shares of Oak Valley Bancorp by 7.9% during the 1st quarter. Empowered Funds LLC now owns 33,608 shares of the financial services provider's stock worth $833,000 after purchasing an additional 2,450 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Oak Valley Bancorp in the fourth quarter worth $110,000. FMR LLC raised its stake in Oak Valley Bancorp by 2.0% in the third quarter. FMR LLC now owns 214,083 shares of the financial services provider's stock valued at $5,369,000 after purchasing an additional 4,213 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Oak Valley Bancorp by 68.4% during the fourth quarter. BNP Paribas Financial Markets now owns 11,364 shares of the financial services provider's stock worth $340,000 after purchasing an additional 4,616 shares during the period. Institutional investors and hedge funds own 30.86% of the company's stock.
Oak Valley Bancorp Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Oak Valley Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oak Valley Bancorp wasn't on the list.
While Oak Valley Bancorp currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for June 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
