Oak Valley Bancorp (NASDAQ:OVLY) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Oak Valley Bancorp (NASDAQ:OVLY)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.52 and traded as low as $23.69. Oak Valley Bancorp shares last traded at $23.75, with a volume of 9,501 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Oak Valley Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, February 11th.

Oak Valley Bancorp Stock Up 1.6 %

The firm’s 50-day moving average price is $26.49 and its two-hundred day moving average price is $27.49. The firm has a market capitalization of $201.79 million, a PE ratio of 7.99 and a beta of 0.28.

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

Oak Valley Bancorp Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a dividend of $0.30 per share. This is a boost from Oak Valley Bancorp’s previous semi-annual dividend of $0.23. This represents a dividend yield of 1.7%. The ex-dividend date was Monday, February 3rd. Oak Valley Bancorp’s dividend payout ratio (DPR) is currently 19.87%.

Insider Buying and Selling

In other Oak Valley Bancorp 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, with a total value of $155,820.00. Following the completion of the transaction, the director now directly owns 147,633 shares of the company’s stock, valued at approximately $3,834,029.01. The trade was a 4.24 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary Strong bought 1,000 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was acquired at an average cost of $27.17 per share, with a total value of $27,170.00. Following the completion of the transaction, the director now directly owns 11,842 shares of the company’s stock, valued at approximately $321,747.14. This represents a 9.22 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 9,924 shares of company stock worth $256,577. 19.26% of the stock is owned by company insiders.

Institutional Trading of Oak Valley Bancorp

Several large investors have recently added to or reduced their stakes in OVLY. Tower Research Capital LLC TRC boosted its holdings in shares of Oak Valley Bancorp by 190.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,506 shares of the financial services provider’s stock worth $44,000 after buying an additional 987 shares during the period. Deutsche Bank AG bought a new stake in shares of Oak Valley Bancorp during the 4th quarter worth $59,000. Sierra Ocean LLC bought a new stake in shares of Oak Valley Bancorp during the 4th quarter worth $163,000. Legato Capital Management LLC bought a new stake in shares of Oak Valley Bancorp during the 4th quarter worth $212,000. Finally, Wells Fargo & Company MN raised its stake in Oak Valley Bancorp by 12.2% during the 4th quarter. Wells Fargo & Company MN now owns 8,000 shares of the financial services provider’s stock valued at $234,000 after purchasing an additional 872 shares during the last quarter. 30.86% of the stock is owned by 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.