Oak Valley Bancorp (NASDAQ:OVLY) Stock Crosses Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Oak Valley Bancorp's stock price fell below its 200-day moving average, with recent trading at $25.99 after reaching a low of $25.85.
• Despite the drop, analysts have given Oak Valley a current rating of "Buy", with one equities research analyst supporting this stance.
• Insider trading activity shows that Director Daniel J. Leonard acquired 1,000 shares, increasing his ownership stake in the company, which reflects a 1.63% increase in his position.

Oak Valley Bancorp (CA) (NASDAQ:OVLY - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.71 and traded as low as $25.85. Oak Valley Bancorp shares last traded at $25.99, with a volume of 9,784 shares.

Analyst Upgrades and Downgrades

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

Oak Valley Bancorp Trading Down 0.3%

The company has a 50 day simple moving average of $28.04 and a 200-day simple moving average of $26.71. The stock has a market cap of $217.80 million, a price-to-earnings ratio of 8.87 and a beta of 0.38.

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last released its quarterly earnings results on Friday, July 18th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. Oak Valley Bancorp had a return on equity of 13.12% and a net margin of 26.38%.The firm had revenue of $19.86 million for the quarter.

Insider Activity

In other news, Director Daniel J. Leonard purchased 1,000 shares of the company's stock in a transaction on Friday, August 1st. The shares were purchased at an average price of $26.20 per share, with a total value of $26,200.00. Following the purchase, the director directly owned 62,223 shares of the company's stock, valued at $1,630,242.60. This trade represents a 1.63% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders bought 2,553 shares of company stock valued at $68,385. Company insiders own 18.08% of the company's stock.

Institutional Trading of Oak Valley Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of OVLY. Valmark Advisers Inc. increased its position in shares of Oak Valley Bancorp by 1.7% in the first quarter. Valmark Advisers Inc. now owns 60,009 shares of the financial services provider's stock valued at $1,498,000 after acquiring an additional 1,000 shares during the last quarter. Cetera Investment Advisers increased its position in shares of 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. Deutsche Bank AG increased its position in shares of Oak Valley Bancorp by 80.1% in the first quarter. Deutsche Bank AG now owns 3,657 shares of the financial services provider's stock valued at $91,000 after acquiring an additional 1,627 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Oak Valley Bancorp in the first quarter valued at about $217,000. Finally, Hsbc Holdings PLC increased 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 acquiring an additional 3,104 shares during the last quarter. Institutional investors and hedge funds own 30.86% of the company's stock.

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.

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