Insider Buying: Oak Valley Bancorp (NASDAQ:OVLY) Director Acquires 2,000 Shares of Stock

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) Director H Randolph Holder, Jr. purchased 2,000 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were acquired at an average cost of $24.83 per share, with a total value of $49,660.00. Following the completion of the acquisition, the director now directly owns 152,176 shares in the company, valued at $3,778,530.08. The trade was a 1.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Oak Valley Bancorp Stock Down 0.3%

OVLY traded down $0.08 on Friday, reaching $25.60. The company had a trading volume of 9,903 shares, compared to its average volume of 12,893. Oak Valley Bancorp has a 1 year low of $22.70 and a 1 year high of $32.24. The stock has a market capitalization of $214.58 million, a PE ratio of 8.48 and a beta of 0.47. The stock has a 50-day moving average price of $25.05 and a 200-day moving average price of $26.77.

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

Institutional Investors Weigh In On Oak Valley Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. M3F Inc. raised its position in Oak Valley Bancorp by 0.8% in the 1st quarter. M3F Inc. now owns 122,436 shares of the financial services provider's stock valued at $3,056,000 after purchasing an additional 1,000 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of Oak Valley Bancorp by 33.3% during the 1st quarter. Hsbc Holdings PLC now owns 12,434 shares of the financial services provider's stock valued at $314,000 after acquiring an additional 3,104 shares during the period. Nuveen LLC acquired a new stake in shares of Oak Valley Bancorp during the 1st quarter valued at approximately $217,000. Deutsche Bank AG boosted its stake in shares of Oak Valley Bancorp by 80.1% during the 1st quarter. Deutsche Bank AG now owns 3,657 shares of the financial services provider's stock worth $91,000 after acquiring an additional 1,627 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Oak Valley Bancorp by 392.3% in the 1st quarter. Cetera Investment Advisers now owns 45,719 shares of the financial services provider's stock worth $1,141,000 after acquiring an additional 36,432 shares during the period. Hedge funds and other institutional investors own 30.86% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Oak Valley Bancorp from a "sell" rating to a "hold" rating in a report on Tuesday, April 8th.

Oak Valley Bancorp Company 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.