Oak Valley Bancorp (NASDAQ:OVLY) Posts Earnings Results

Oak Valley Bancorp (NASDAQ:OVLY) announced its earnings results on Wednesday. The financial services provider reported $999.00 earnings per share (EPS) for the quarter, Zacks reports. Oak Valley Bancorp had a return on equity of 12.33% and a net margin of 25.16%.

Oak Valley Bancorp Stock Performance

Shares of NASDAQ OVLY traded down $0.36 during trading on Wednesday, reaching $34.19. The stock had a trading volume of 31,796 shares, compared to its average volume of 21,563. Oak Valley Bancorp has a one year low of $24.05 and a one year high of $35.47. The stock has a market cap of $287.64 million, a PE ratio of 11.87 and a beta of 0.23. The firm’s 50 day moving average price is $32.95 and its two-hundred day moving average price is $30.58.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in OVLY. Geode Capital Management LLC grew its stake in Oak Valley Bancorp by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 161,422 shares of the financial services provider’s stock worth $4,398,000 after buying an additional 2,592 shares during the last quarter. Rhumbline Advisers grew its stake in Oak Valley Bancorp by 59.4% during the 2nd quarter. Rhumbline Advisers now owns 10,401 shares of the financial services provider’s stock worth $283,000 after buying an additional 3,875 shares during the last quarter. Hsbc Holdings PLC grew its stake in Oak Valley Bancorp by 20.9% during the 2nd quarter. Hsbc Holdings PLC now owns 15,037 shares of the financial services provider’s stock worth $409,000 after buying an additional 2,603 shares during the last quarter. Jane Street Group LLC bought a new position in Oak Valley Bancorp during the 2nd quarter worth $208,000. Finally, JPMorgan Chase & Co. grew its stake in Oak Valley Bancorp by 23.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,997 shares of the financial services provider’s stock worth $169,000 after buying an additional 1,145 shares during the last quarter. 30.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Oak Valley Bancorp in a report on Friday, April 10th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Oak Valley Bancorp Company Profile

Oak Valley Bancorp is the bank holding company for Oak Valley Community Bank, a California-chartered commercial bank headquartered in Lodi, California. Through its subsidiary, the company offers a full suite of banking services tailored to individuals, businesses, agricultural enterprises and nonprofit organizations. Its product portfolio includes checking and savings accounts, money market instruments, certificates of deposit and individual retirement accounts, alongside digital banking tools such as mobile and online banking platforms.

On the lending side, Oak Valley Bancorp provides commercial real estate and construction loans, agricultural and farm real estate financing, equipment leases, SBA-initiated programs and lines of credit.