Oak Valley Bancorp (NASDAQ:OVLY) Share Price Passes Below 200 Day Moving Average - What's Next?

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $26.95 and traded as low as $25.26. Oak Valley Bancorp shares last traded at $25.50, with a volume of 5,424 shares trading hands.

Analyst Upgrades and Downgrades

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

Oak Valley Bancorp Price Performance

The company has a market capitalization of $215.04 million, a P/E ratio of 8.50 and a beta of 0.47. The company has a fifty day simple moving average of $24.94 and a two-hundred day simple moving average of $26.84.

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last issued its quarterly earnings results on Friday, April 18th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter. The company had revenue of $19.42 million for the quarter. Oak Valley Bancorp had a return on equity of 14.28% and a net margin of 28.03%.

Institutional Investors Weigh In On Oak Valley Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC grew its position in shares of 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 purchasing an additional 803 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Oak Valley Bancorp by 12.2% in the fourth quarter. Wells Fargo & Company MN now owns 8,000 shares of the financial services provider's stock valued at $234,000 after purchasing an additional 872 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Oak Valley Bancorp by 190.2% in the fourth 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 last quarter. Valmark Advisers Inc. grew 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 purchasing an additional 1,000 shares during the last quarter. Finally, M3F Inc. grew its position in Oak Valley Bancorp by 0.8% during the first quarter. M3F Inc. now owns 122,436 shares of the financial services provider's stock worth $3,056,000 after buying an additional 1,000 shares in the last quarter. 30.86% of the stock is owned by institutional investors and hedge funds.

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.