Oak Valley Bancorp (NASDAQ:OVLY) Shares Cross Above 50 Day Moving Average - Time to Sell?

Oak Valley Bancorp (CA) (NASDAQ:OVLY - Get Free Report)'s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $25.45 and traded as high as $27.59. Oak Valley Bancorp shares last traded at $27.25, with a volume of 34,952 shares trading hands.

Analysts Set New Price Targets

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

Oak Valley Bancorp Trading Up 0.0%

The company has a market capitalization of $228.10 million, a P/E ratio of 9.16 and a beta of 0.44. The stock has a 50 day moving average price of $25.65 and a 200 day moving average price of $26.18.

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 firm had revenue of $19.42 million during the quarter. Oak Valley Bancorp had a return on equity of 13.54% and a net margin of 27.04%.

Insider Activity at Oak Valley Bancorp

In related news, Director H Randolph Holder, Jr. bought 2,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average cost of $24.83 per share, with a total value of $49,660.00. Following the transaction, the director now directly owns 152,176 shares in the company, valued at approximately $3,778,530.08. This trade represents a 1.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders acquired 3,210 shares of company stock worth $80,447 and sold 1,525 shares worth $38,543. 18.08% of the stock is owned by company insiders.

Hedge Funds Weigh In On Oak Valley Bancorp

Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its position in Oak Valley Bancorp by 190.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,506 shares of the financial services provider's stock valued at $44,000 after purchasing an additional 987 shares during the period. Deutsche Bank AG acquired a new stake in shares of Oak Valley Bancorp during the fourth quarter worth $59,000. Nuveen LLC acquired a new stake in shares of Oak Valley Bancorp during the first quarter worth $217,000. Wells Fargo & Company MN raised its stake in Oak Valley Bancorp by 12.2% during the fourth quarter. Wells Fargo & Company MN now owns 8,000 shares of the financial services provider's stock worth $234,000 after buying an additional 872 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in Oak Valley Bancorp by 9.4% in the fourth quarter. Hsbc Holdings PLC now owns 9,330 shares of the financial services provider's stock valued at $281,000 after buying an additional 803 shares during the period. 30.86% of the stock is currently owned by institutional investors.

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.