Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $26.55 and traded as low as $26.34. Oak Valley Bancorp shares last traded at $26.34, with a volume of 5,433 shares trading hands.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded Oak Valley Bancorp from a "sell" rating to a "hold" rating in a research report on Tuesday, April 8th.
Check Out Our Latest Research Report on OVLY
Oak Valley Bancorp Trading Down 2.3%
The firm has a market cap of $216.00 million, a price-to-earnings ratio of 8.53 and a beta of 0.44. The stock has a 50-day moving average of $25.25 and a two-hundred day moving average of $26.42.
Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last released its quarterly earnings results on Friday, April 18th. The financial services provider reported $0.64 earnings per share for the quarter. Oak Valley Bancorp had a return on equity of 14.28% and a net margin of 28.03%. The business had revenue of $19.42 million during the quarter.
Insider Activity at Oak Valley Bancorp
In other Oak Valley Bancorp news, Director H Randolph Holder, Jr. acquired 2,000 shares of Oak Valley Bancorp stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average cost of $24.83 per share, with a total value of $49,660.00. Following the purchase, the director now owns 152,176 shares in the company, valued at approximately $3,778,530.08. The trade was a 1.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders purchased 3,210 shares of company stock worth $80,447 and sold 1,525 shares worth $38,543. 18.08% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Oak Valley Bancorp
Hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its stake in Oak Valley Bancorp by 190.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,506 shares of the financial services provider's stock worth $44,000 after acquiring an additional 987 shares in the last quarter. Deutsche Bank AG purchased a new stake in Oak Valley Bancorp in the 4th quarter worth about $59,000. Sierra Ocean LLC purchased a new stake in Oak Valley Bancorp in the 4th quarter worth about $163,000. Legato Capital Management LLC purchased a new stake in Oak Valley Bancorp in the 4th quarter worth about $212,000. Finally, Nuveen LLC purchased a new stake in Oak Valley Bancorp in the 1st quarter worth about $217,000. 30.86% of the stock is owned by hedge funds and other institutional investors.
Oak Valley Bancorp Company Profile
(
Get Free Report)
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.
Read More
Before you consider Oak Valley Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oak Valley Bancorp wasn't on the list.
While Oak Valley Bancorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
