Oak Valley Bancorp (NASDAQ:OVLY) Posts Earnings Results

Oak Valley Bancorp (NASDAQ:OVLY) released its quarterly earnings data on Wednesday. The financial services provider reported $0.77 earnings per share for the quarter, Zacks reports. Oak Valley Bancorp had a net margin of 24.05% and a return on equity of 11.03%. The firm had revenue of $21.65 million for the quarter.

Oak Valley Bancorp Price Performance

NASDAQ:OVLY opened at $34.25 on Friday. The company has a fifty day moving average price of $34.14 and a 200 day moving average price of $33.83. Oak Valley Bancorp has a one year low of $26.47 and a one year high of $35.97. The stock has a market cap of $288.04 million, a P/E ratio of 12.15 and a beta of 0.22.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Oak Valley Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 14th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Insider Transactions at Oak Valley Bancorp

In other news, Director Allison Lafferty acquired 1,307 shares of Oak Valley Bancorp stock in a transaction on Wednesday, August 26th. The stock was bought at an average price of $33.93 per share, for a total transaction of $44,346.51. Following the transaction, the director owned 10,000 shares of the company’s stock, valued at $339,300. The trade was a 15.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gary Strong acquired 2,000 shares of the company’s stock in a transaction dated Monday, July 27th. The stock was acquired at an average price of $32.50 per share, with a total value of $65,000.00. Following the purchase, the director owned 14,842 shares in the company, valued at approximately $482,365. This represents a 15.57% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 3,797 shares of company stock worth $126,084 and have sold 1,125 shares worth $37,808. 13.94% of the stock is owned by company insiders.

Oak Valley Bancorp Company Profile

Oak Valley Bancorp is a bank holding company headquartered in Oakdale, California. Through its subsidiary, Oak Valley Community Bank, the company provides banking services to individuals, families, farmers, and businesses in California’s Central Valley.

Oak Valley Community Bank offers deposit products, commercial and agricultural loans, commercial real estate financing, residential real estate loans, consumer lending, and small-business financing. Its services also include treasury management, online and mobile banking, cash management, and other business banking solutions.

Founded in 1991, Oak Valley Community Bank serves communities primarily in Stanislaus, San Joaquin, and Merced counties through branch locations and digital banking channels.