LSV Asset Management Buys Shares of 2,917 Oak Valley Bancorp (CA) $OVLY

LSV Asset Management purchased a new position in Oak Valley Bancorp (CA) (NASDAQ:OVLY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,917 shares of the financial services provider’s stock, valued at approximately $79,000.

Several other large investors also recently modified their holdings of the company. Geode Capital Management LLC boosted its position in Oak Valley Bancorp by 1.6% in the second quarter. Geode Capital Management LLC now owns 161,422 shares of the financial services provider’s stock worth $4,398,000 after purchasing an additional 2,592 shares during the last quarter. M3F Inc. lifted its stake in shares of Oak Valley Bancorp by 0.8% in 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 period. Cetera Investment Advisers boosted its holdings 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 worth $1,141,000 after buying an additional 36,432 shares during the last quarter. Hsbc Holdings PLC grew its position in Oak Valley Bancorp by 33.3% during the first quarter. Hsbc Holdings PLC now owns 12,434 shares of the financial services provider’s stock valued at $314,000 after buying an additional 3,104 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in Oak Valley Bancorp during the second quarter valued at approximately $319,000. Institutional investors own 30.86% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Oak Valley Bancorp in a research note on Wednesday, October 8th. One investment 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 Up 3.1%

Shares of NASDAQ:OVLY opened at $28.39 on Friday. The stock has a 50 day moving average of $27.69 and a 200 day moving average of $27.28. The company has a market cap of $238.14 million, a PE ratio of 9.96 and a beta of 0.45. Oak Valley Bancorp has a 12-month low of $22.70 and a 12-month high of $32.24.

Oak Valley Bancorp (NASDAQ:OVLY) last issued its quarterly earnings results on Thursday, November 13th. The financial services provider reported $0.81 earnings per share for the quarter. The business had revenue of $21.17 million for the quarter. Oak Valley Bancorp had a net margin of 26.38% and a return on equity of 12.80%.

Insider Buying and Selling at Oak Valley Bancorp

In other news, Director Gary Strong bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 28th. The stock was bought at an average price of $27.50 per share, with a total value of $27,500.00. Following the acquisition, the director owned 12,842 shares of the company’s stock, valued at approximately $353,155. This represents a 8.44% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 18.08% 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.