Oak Valley Bancorp (CA) (NASDAQ:OVLY) Short Interest Down 22.3% in April

Key Points

• Short interest down 22.3% in April: As of April 15 short interest fell to 38,736 shares (about 0.6% of the company's shares) with a short-interest ratio of 1.2 days based on average daily volume.
• Stock and recent results: OVLY trades in a 52-week range of $24.50–$35.47, has a market cap of ~$281.1M and a P/E of 11.72; the company reported quarterly revenue of $20.78M, EPS of $999.00 and a net margin of 25.16%.
• Institutional and analyst sentiment: Several institutions boosted stakes (Fourthstone LLC up 84.1%), institutional ownership is ~30.86%, and Weiss Ratings recently reissued a "Buy" on the stock.

Oak Valley Bancorp (CA) (NASDAQ:OVLY - Get Free Report) was the target of a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 38,736 shares, a decrease of 22.3% from the March 31st total of 49,878 shares. Approximately 0.6% of the company's shares are sold short. Based on an average daily trading volume, of 32,301 shares, the short-interest ratio is currently 1.2 days.

Oak Valley Bancorp Stock Down 0.7%

Shares of OVLY stock opened at $33.43 on Wednesday. Oak Valley Bancorp has a fifty-two week low of $24.50 and a fifty-two week high of $35.47. The firm's 50 day moving average price is $32.99 and its two-hundred day moving average price is $30.83. The stock has a market cap of $281.13 million, a price-to-earnings ratio of 11.72 and a beta of 0.23.

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $999.00 earnings per share (EPS) for the quarter. The company had revenue of $20.78 million during the quarter. Oak Valley Bancorp had a net margin of 25.16% and a return on equity of 12.12%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "buy (b)" rating on shares of Oak Valley Bancorp in a research report on Friday, April 10th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Oak Valley Bancorp has an average rating of "Buy".

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of OVLY. Fourthstone LLC grew its stake in shares of Oak Valley Bancorp by 84.1% in the fourth quarter. Fourthstone LLC now owns 305,401 shares of the financial services provider's stock valued at $9,180,000 after buying an additional 139,545 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Oak Valley Bancorp by 6.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 142,280 shares of the financial services provider's stock valued at $4,277,000 after buying an additional 8,429 shares during the period. State Street Corp lifted its position in Oak Valley Bancorp by 0.8% during the 4th quarter. State Street Corp now owns 99,225 shares of the financial services provider's stock worth $2,983,000 after acquiring an additional 806 shares in the last quarter. Barclays PLC boosted its holdings in Oak Valley Bancorp by 3.4% in the 4th quarter. Barclays PLC now owns 28,594 shares of the financial services provider's stock worth $860,000 after acquiring an additional 931 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Oak Valley Bancorp by 27.4% in the 3rd quarter. Bank of America Corp DE now owns 16,329 shares of the financial services provider's stock worth $460,000 after acquiring an additional 3,510 shares during the period. Institutional investors and hedge funds own 30.86% of the company's stock.

Oak Valley Bancorp Company Profile

Oak Valley Bancorp is the bank holding company for Oak Valley Community Bank, a California-chartered commercial bank headquartered in Lodi, California. Through its subsidiary, the company offers a full suite of banking services tailored to individuals, businesses, agricultural enterprises and nonprofit organizations. Its product portfolio includes checking and savings accounts, money market instruments, certificates of deposit and individual retirement accounts, alongside digital banking tools such as mobile and online banking platforms.

On the lending side, Oak Valley Bancorp provides commercial real estate and construction loans, agricultural and farm real estate financing, equipment leases, SBA-initiated programs and lines of credit.

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