Oak Valley Bancorp (NASDAQ:OVLY) Share Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Oak Valley Bancorp shares fell below their 200-day moving average of $33.24, reaching $32.91 before closing at $33.20 on trading volume of 23,316 shares.
• The company reported quarterly EPS of $0.61 on $20.61 million in revenue, with a 24.80% net margin and 11.49% return on equity. Its sole tracked analyst and Weiss Ratings both maintain a positive “Buy” outlook.
• Oak Valley Bancorp declared a $0.375 dividend payable August 14 to shareholders of record August 3, while director Gary Strong purchased 2,000 shares worth $65,000.

Oak Valley Bancorp (CA) (NASDAQ:OVLY - Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $33.24 and traded as low as $32.91. Oak Valley Bancorp shares last traded at $33.20, with a volume of 23,316 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Oak Valley Bancorp in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy".

Oak Valley Bancorp Stock Performance

The stock has a market capitalization of $279.21 million, a P/E ratio of 11.77 and a beta of 0.21. The business has a fifty day simple moving average of $33.68 and a 200-day simple moving average of $33.24.

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.61 EPS for the quarter. Oak Valley Bancorp had a net margin of 24.80% and a return on equity of 11.49%. The company had revenue of $20.61 million during the quarter.

Oak Valley Bancorp Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be issued a $0.375 dividend. This represents a yield of 223.0%. The ex-dividend date is Monday, August 3rd. Oak Valley Bancorp's dividend payout ratio (DPR) is presently 26.60%.

Insider Buying and Selling at Oak Valley Bancorp

In related news, Director Gary Strong acquired 2,000 shares of the company's stock in a transaction dated Monday, July 27th. The shares were purchased at an average price of $32.50 per share, for a total transaction of $65,000.00. Following the completion of the acquisition, the director owned 14,842 shares of the company's stock, valued at approximately $482,365. This trade represents a 15.57% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 1,125 shares of company stock worth $37,406 in the last quarter. 13.94% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in OVLY. Kestra Advisory Services LLC acquired a new stake in Oak Valley Bancorp in the fourth quarter valued at approximately $42,000. BNP Paribas Financial Markets increased 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 valued at $76,000 after acquiring an additional 1,496 shares in the last quarter. JPMorgan Chase & Co. raised its position 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. Legato Capital Management LLC acquired a new position in shares of Oak Valley Bancorp during the fourth quarter worth approximately $207,000. Finally, Jane Street Group LLC bought a new position in shares of Oak Valley Bancorp in the 2nd quarter worth $208,000. 30.86% of the stock is owned by institutional investors and hedge funds.

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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