Oak Valley Bancorp (NASDAQ:OVLY) Share Price Crosses Below 200 Day Moving Average - What's Next?

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report)'s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $27.17 and traded as low as $23.64. Oak Valley Bancorp shares last traded at $24.10, with a volume of 7,825 shares.

Analysts Set New Price Targets

Separately, StockNews.com raised Oak Valley Bancorp from a "sell" rating to a "hold" rating in a report on Tuesday, April 8th.

Oak Valley Bancorp Stock Performance

The firm's 50 day moving average is $25.37 and its 200-day moving average is $27.14. The stock has a market capitalization of $201.15 million, a price-to-earnings ratio of 7.97 and a beta of 0.28.

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last issued its quarterly earnings data on Friday, January 24th. The financial services provider reported $0.73 earnings per share for the quarter. Oak Valley Bancorp had a net margin of 28.03% and a return on equity of 14.28%.

Oak Valley Bancorp Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a dividend of $0.30 per share. The ex-dividend date was Monday, February 3rd. This represents a yield of 1.7%. This is an increase from Oak Valley Bancorp's previous semi-annual dividend of $0.23. Oak Valley Bancorp's dividend payout ratio is currently 19.87%.

Insider Activity

In related news, Director H Randolph Holder, Jr. bought 6,000 shares of the company's stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average price of $25.97 per share, for a total transaction of $155,820.00. Following the completion of the transaction, the director now directly owns 147,633 shares in the company, valued at $3,834,029.01. This trade represents a 4.24 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders acquired 9,202 shares of company stock worth $237,207 and sold 990 shares worth $25,026. Company insiders own 19.26% of the company's stock.

Institutional Investors Weigh In On Oak Valley Bancorp

Several institutional investors have recently bought and sold shares of OVLY. State Street Corp boosted its stake in shares of Oak Valley Bancorp by 0.6% in the third quarter. State Street Corp now owns 86,390 shares of the financial services provider's stock worth $2,295,000 after acquiring an additional 510 shares during the last quarter. Barclays PLC boosted its stake in Oak Valley Bancorp by 122.8% during the 3rd quarter. Barclays PLC now owns 15,368 shares of the financial services provider's stock worth $408,000 after purchasing an additional 8,471 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Oak Valley Bancorp by 2.4% during the third quarter. Geode Capital Management LLC now owns 155,526 shares of the financial services provider's stock worth $4,133,000 after buying an additional 3,646 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Oak Valley Bancorp by 123.6% in the third quarter. JPMorgan Chase & Co. now owns 10,755 shares of the financial services provider's stock valued at $286,000 after buying an additional 5,945 shares during the last quarter. Finally, Legato Capital Management LLC purchased a new position in shares of Oak Valley Bancorp in the fourth quarter worth about $212,000. 30.86% of the stock is currently owned by institutional investors and hedge funds.

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.