Oak Valley Bancorp (NASDAQ:OVLY) Shares Pass Above Fifty Day Moving Average - Should You Sell?

Oak Valley Bancorp (CA) (NASDAQ:OVLY - Get Free Report) crossed 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.

Analysts Set New Price Targets

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

Oak Valley Bancorp Trading Down 1.2%

The firm has a market cap of $226.26 million, a price-to-earnings ratio of 9.09 and a beta of 0.44. The firm's 50-day moving average is $25.51 and its 200-day moving average is $26.20.

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last released its quarterly earnings data on Friday, April 18th. The financial services provider reported $0.64 earnings per share for the quarter. The firm had revenue of $19.42 million for the quarter. Oak Valley Bancorp had a net margin of 27.04% and a return on equity of 13.54%.

Insider Activity at Oak Valley Bancorp

In other news, Director H Randolph Holder, Jr. purchased 2,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were acquired at an average cost of $24.83 per share, for a total transaction of $49,660.00. Following the completion of the acquisition, the director now owns 152,176 shares in the company, valued at $3,778,530.08. This trade represents a 1.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have purchased 3,210 shares of company stock valued at $80,447 and have sold 1,525 shares valued at $38,543. 18.08% of the stock is owned by insiders.

Institutional Investors Weigh In On Oak Valley Bancorp

A number of hedge funds have recently made changes to their positions in OVLY. Cetera Investment Advisers boosted its stake 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 last quarter. JPMorgan Chase & Co. boosted its position in Oak Valley Bancorp by 118.8% during the fourth quarter. JPMorgan Chase & Co. now owns 23,537 shares of the financial services provider's stock worth $688,000 after purchasing an additional 12,782 shares during the period. Nuveen LLC bought a new position in Oak Valley Bancorp during the first quarter worth about $217,000. Hsbc Holdings PLC raised its position in shares of Oak Valley Bancorp by 33.3% in the first quarter. Hsbc Holdings PLC now owns 12,434 shares of the financial services provider's stock valued at $314,000 after purchasing an additional 3,104 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Oak Valley Bancorp by 29.1% in the fourth quarter. Bank of America Corp DE now owns 10,394 shares of the financial services provider's stock valued at $304,000 after purchasing an additional 2,343 shares during the period. 30.86% of the stock is currently 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.