Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Tuesday.
Oak Valley Bancorp Price Performance
Shares of NASDAQ:OVLY traded down $0.04 on Tuesday, reaching $24.10. 4,479 shares of the company traded hands, compared to its average volume of 10,822. The stock has a market capitalization of $201.48 million, a PE ratio of 7.28 and a beta of 0.36. The company's 50 day moving average is $24.01 and its 200-day moving average is $25.60. Oak Valley Bancorp has a fifty-two week low of $22.49 and a fifty-two week high of $30.70.
Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last issued its quarterly earnings results on Friday, April 19th. The financial services provider reported $0.69 earnings per share for the quarter. Oak Valley Bancorp had a return on equity of 17.78% and a net margin of 31.38%. The firm had revenue of $18.76 million for the quarter.
Institutional Trading of Oak Valley Bancorp
A number of hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC purchased a new stake in Oak Valley Bancorp in the 3rd quarter worth about $55,000. SG Americas Securities LLC purchased a new stake in shares of Oak Valley Bancorp in the fourth quarter worth approximately $110,000. BNP Paribas Financial Markets boosted its holdings in shares of 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. Empowered Funds LLC grew its position in Oak Valley Bancorp by 7.9% during the first quarter. Empowered Funds LLC now owns 33,608 shares of the financial services provider's stock valued at $833,000 after purchasing an additional 2,450 shares in the last quarter. Finally, FMR LLC increased its stake in Oak Valley Bancorp by 2.0% in the 3rd quarter. FMR LLC now owns 214,083 shares of the financial services provider's stock valued at $5,369,000 after buying an additional 4,213 shares during the period. Hedge funds and other institutional investors 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
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