Oak Valley Bancorp (NASDAQ:OVLY) Stock Rating Lowered by StockNews.com

Oak Valley Bancorp (NASDAQ:OVLY) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

Oak Valley Bancorp Stock Performance

Shares of NASDAQ:OVLY traded up $0.05 during trading hours on Tuesday, hitting $27.95. 18,383 shares of the company’s stock traded hands, compared to its average volume of 22,496. Oak Valley Bancorp has a 52 week low of $22.91 and a 52 week high of $32.24. The company’s fifty day simple moving average is $27.88 and its two-hundred day simple moving average is $27.41. The company has a market cap of $233.66 million, a price-to-earnings ratio of 9.25 and a beta of 0.33.

Oak Valley Bancorp (NASDAQ:OVLY) last posted its quarterly earnings data on Friday, January 24th. The financial services provider reported $0.73 earnings per share for the quarter. Oak Valley Bancorp had a net margin of 28.03% and a return on equity of 14.28%.

Insiders Place Their Bets

In other news, Director H Randolph Holder, Jr. bought 6,000 shares of the firm’s stock in a transaction on Wednesday, January 29th. The stock was bought at an average cost of $25.97 per share, for a total transaction of $155,820.00. Following the completion of the acquisition, the director now directly owns 147,633 shares in the company, valued at $3,834,029.01. This represents a 4.24 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gary Strong bought 1,000 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was purchased at an average price of $27.17 per share, with a total value of $27,170.00. Following the completion of the acquisition, the director now owns 11,842 shares of the company’s stock, valued at approximately $321,747.14. This trade represents a 9.22 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 7,381 shares of company stock worth $192,702 over the last ninety days. 19.26% of the stock is currently owned by company insiders.

Institutional Trading of Oak Valley Bancorp

A number of hedge funds have recently made changes to their positions in the stock. State Street Corp lifted its position in shares of Oak Valley Bancorp by 0.6% in the third quarter. State Street Corp now owns 86,390 shares of the financial services provider’s stock worth $2,295,000 after purchasing an additional 510 shares in the last quarter. FMR LLC lifted its position in shares of Oak Valley Bancorp by 0.4% in the third quarter. FMR LLC now owns 217,128 shares of the financial services provider’s stock worth $5,769,000 after purchasing an additional 842 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Oak Valley Bancorp by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,772 shares of the financial services provider’s stock worth $608,000 after purchasing an additional 1,679 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Oak Valley Bancorp by 5.2% in the third quarter. Empowered Funds LLC now owns 38,004 shares of the financial services provider’s stock worth $1,010,000 after purchasing an additional 1,876 shares in the last quarter. Finally, Seizert Capital Partners LLC lifted its position in shares of Oak Valley Bancorp by 18.0% in the fourth quarter. Seizert Capital Partners LLC now owns 14,539 shares of the financial services provider’s stock worth $425,000 after purchasing an additional 2,217 shares in the last quarter. 30.86% of the stock is owned by hedge funds and other 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.