Oak Valley Bancorp (NASDAQ:OVLY) Share Price Crosses Above 50 Day Moving Average - Here's Why

Key Points

• Shares crossed above their 50‑day moving average: Oak Valley Bancorp rose above its 50‑day MA of $32.55, trading as high as $33.34 and last at $33.20 on volume of about 23,192 shares.
• Analyst sentiment is positive: Weiss Ratings reaffirmed a Buy (b-) on OVLY and MarketBeat shows an average consensus rating of Buy.
• Recent results and payout: the company reported quarterly EPS of $0.76 on $21.29M revenue, has a market cap of $279.3M, recently paid a $0.375 dividend (DPR ~26.04%), and about 30.9% of the stock is held by institutions.

Oak Valley Bancorp (CA) (NASDAQ:OVLY - Get Free Report) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $32.55 and traded as high as $33.34. Oak Valley Bancorp shares last traded at $33.20, with a volume of 23,192 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Oak Valley Bancorp in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Oak Valley Bancorp presently has an average rating of "Buy".

Oak Valley Bancorp Stock Performance

The company's 50 day moving average price is $32.55 and its 200-day moving average price is $30.10. The company has a market cap of $279.31 million, a price-to-earnings ratio of 11.53 and a beta of 0.23.

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last released its earnings results on Monday, January 26th. The financial services provider reported $0.76 earnings per share for the quarter. The business had revenue of $21.29 million for the quarter. Oak Valley Bancorp had a net margin of 25.16% and a return on equity of 12.33%.

Oak Valley Bancorp Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were given a $0.375 dividend. This represents a dividend yield of 232.0%. The ex-dividend date of this dividend was Monday, February 2nd. Oak Valley Bancorp's dividend payout ratio (DPR) is 26.04%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new stake in shares of Oak Valley Bancorp during the fourth quarter worth approximately $42,000. BNP Paribas Financial Markets boosted its holdings in shares of Oak Valley Bancorp by 123.4% during the third quarter. BNP Paribas Financial Markets now owns 2,708 shares of the financial services provider's stock worth $76,000 after purchasing an additional 1,496 shares during the period. CWM LLC boosted its holdings in shares of Oak Valley Bancorp by 43.9% during the third quarter. CWM LLC now owns 3,280 shares of the financial services provider's stock worth $92,000 after purchasing an additional 1,001 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Oak Valley Bancorp by 23.6% during the third quarter. JPMorgan Chase & Co. now owns 5,997 shares of the financial services provider's stock worth $169,000 after purchasing an additional 1,145 shares during the period. Finally, LSV Asset Management boosted its holdings in shares of Oak Valley Bancorp by 147.7% during the third quarter. LSV Asset Management now owns 7,224 shares of the financial services provider's stock worth $204,000 after purchasing an additional 4,307 shares during the period. 30.86% of the stock is owned by hedge funds and other institutional investors.

About Oak Valley Bancorp

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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