11,110 Shares in Oak Valley Bancorp (NASDAQ:OVLY) Bought by Fourthstone LLC

Fourthstone LLC bought a new stake in Oak Valley Bancorp (NASDAQ:OVLY) during the 3rd quarter, HoldingsChannel reports. The fund bought 11,110 shares of the financial services provider’s stock, valued at approximately $295,000.

Several other hedge funds and other institutional investors have also made changes to their positions in OVLY. FMR LLC raised its position in Oak Valley Bancorp by 0.4% in the 3rd 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 during the period. Seizert Capital Partners LLC bought a new stake in shares of Oak Valley Bancorp during the 3rd quarter worth approximately $327,000. Empowered Funds LLC boosted its holdings in Oak Valley Bancorp by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 38,004 shares of the financial services provider’s stock valued at $1,010,000 after acquiring an additional 1,876 shares during the period. Dimensional Fund Advisors LP grew its position in Oak Valley Bancorp by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 95,508 shares of the financial services provider’s stock valued at $2,384,000 after acquiring an additional 7,176 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Oak Valley Bancorp by 13.5% in the second quarter. Bank of New York Mellon Corp now owns 26,289 shares of the financial services provider’s stock worth $656,000 after purchasing an additional 3,124 shares during the last quarter. Hedge funds and other institutional investors own 30.86% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Oak Valley Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 17th.

Oak Valley Bancorp Stock Performance

OVLY traded up $0.29 during trading on Thursday, hitting $31.26. 5,794 shares of the stock were exchanged, compared to its average volume of 12,366. The firm has a 50 day simple moving average of $27.64 and a 200 day simple moving average of $25.98. The firm has a market cap of $261.33 million, a price-to-earnings ratio of 10.25 and a beta of 0.32. Oak Valley Bancorp has a 1 year low of $22.91 and a 1 year high of $31.72.

Oak Valley Bancorp (NASDAQ:OVLY) last announced its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.89 EPS for the quarter. Oak Valley Bancorp had a return on equity of 14.38% and a net margin of 28.03%. The firm had revenue of $19.50 million for the quarter.

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.