Oak Valley Bancorp (NASDAQ:OVLY) Earns Buy (B) Rating from Weiss Ratings

Key Points

• Oak Valley Bancorp received a "buy (b)" rating from Weiss Ratings, reaffirming the stock's positive outlook.
• The company reported an EPS of $0.81 and revenue of $21.17 million for the latest quarter, indicating strong financial performance.
• Several institutional investors have increased their holdings significantly, with Fourthstone LLC raising its stake by 36.3% in the second quarter.

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by research analysts at Weiss Ratings in a research report issued on Saturday,Weiss Ratings reports.

Oak Valley Bancorp Trading Up 0.7%

Oak Valley Bancorp stock opened at $27.75 on Friday. The business's fifty day simple moving average is $27.90 and its two-hundred day simple moving average is $26.82. Oak Valley Bancorp has a 12 month low of $22.70 and a 12 month high of $32.24. The company has a market capitalization of $232.55 million, a price-to-earnings ratio of 9.74 and a beta of 0.38.

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last released its earnings results on Wednesday, October 22nd. The financial services provider reported $0.81 EPS for the quarter. The business had revenue of $21.17 million for the quarter. Oak Valley Bancorp had a return on equity of 12.80% and a net margin of 26.38%.

Insider Activity

In other Oak Valley Bancorp news, Director Daniel J. Leonard purchased 1,000 shares of the stock in a transaction dated Friday, August 1st. The shares were purchased at an average cost of $26.20 per share, with a total value of $26,200.00. Following the completion of the acquisition, the director directly owned 62,223 shares in the company, valued at $1,630,242.60. This trade represents a 1.63% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders acquired 2,553 shares of company stock worth $68,385 over the last 90 days. Corporate insiders own 18.08% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of OVLY. Fourthstone LLC lifted its holdings in shares of Oak Valley Bancorp by 36.3% during the second quarter. Fourthstone LLC now owns 141,400 shares of the financial services provider's stock valued at $3,852,000 after purchasing an additional 37,692 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Oak Valley Bancorp by 392.3% in the first quarter. Cetera Investment Advisers now owns 45,719 shares of the financial services provider's stock valued at $1,141,000 after acquiring an additional 36,432 shares during the period. Los Angeles Capital Management LLC bought a new position in Oak Valley Bancorp in the second quarter valued at about $319,000. Nuveen LLC bought a new position in Oak Valley Bancorp in the first quarter valued at about $217,000. Finally, Jane Street Group LLC bought a new position in Oak Valley Bancorp in the second quarter valued at about $208,000. 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.

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