Oak Valley Bancorp's (OVLY) Buy (B) Rating Reiterated at Weiss Ratings

Key Points

• Oak Valley Bancorp's stock has received a reaffirmed "buy (B)" rating from Weiss Ratings, indicating positive sentiment from analysts.
• The company reported $0.67 earnings per share (EPS) for the last quarter, with a return on equity of 13.12% and a net margin of 26.38%.
• Insiders have shown confidence in the company, with purchases totaling 2,553 shares worth approximately $68,385 in the last quarter, reflecting a robust insider ownership of 18.08%.

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by investment analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Oak Valley Bancorp Trading Down 0.1%

Oak Valley Bancorp stock opened at $26.96 on Wednesday. The firm has a market capitalization of $225.95 million, a P/E ratio of 9.20 and a beta of 0.38. Oak Valley Bancorp has a 1 year low of $22.70 and a 1 year high of $32.24. The business has a 50-day moving average of $28.05 and a 200-day moving average of $26.66.

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last posted its 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 company had revenue of $19.86 million during the quarter.

Insider Buying and Selling at Oak Valley Bancorp

In other news, Director Daniel J. Leonard bought 1,000 shares of the business's stock in a transaction on Friday, August 1st. The shares were purchased at an average price of $26.20 per share, for a total transaction of $26,200.00. Following the purchase, the director owned 62,223 shares of the company's stock, valued at approximately $1,630,242.60. The trade was a 1.63% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders bought 2,553 shares of company stock worth $68,385. Insiders own 18.08% of the company's stock.

Institutional Investors Weigh In On Oak Valley Bancorp

Several institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in Oak Valley Bancorp by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 161,422 shares of the financial services provider's stock valued at $4,398,000 after acquiring an additional 2,592 shares in the last quarter. Fourthstone LLC increased its position in shares of Oak Valley Bancorp by 36.3% during the 2nd quarter. Fourthstone LLC now owns 141,400 shares of the financial services provider's stock worth $3,852,000 after purchasing an additional 37,692 shares during the last quarter. M3F Inc. increased its position in shares of Oak Valley Bancorp by 0.8% during the 1st quarter. M3F Inc. now owns 122,436 shares of the financial services provider's stock worth $3,056,000 after purchasing an additional 1,000 shares during the last quarter. Valmark Advisers Inc. increased its position in shares of Oak Valley Bancorp by 1.7% during the 1st quarter. Valmark Advisers Inc. now owns 60,009 shares of the financial services provider's stock worth $1,498,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Oak Valley Bancorp by 392.3% during the 1st quarter. Cetera Investment Advisers now owns 45,719 shares of the financial services provider's stock worth $1,141,000 after purchasing an additional 36,432 shares during the last quarter. Institutional investors 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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