Short Interest in Oak Valley Bancorp (CA) (NASDAQ:OVLY) Decreases By 22.3%

Oak Valley Bancorp (CA) (NASDAQ:OVLY) saw a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 38,736 shares, a drop of 22.3% from the March 31st total of 49,878 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 32,301 shares, the days-to-cover ratio is currently 1.2 days.

Wall Street Analysts Forecast Growth

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

Oak Valley Bancorp Trading Up 1.3%

Shares of OVLY stock traded up $0.44 on Friday, reaching $33.52. The company had a trading volume of 37,647 shares, compared to its average volume of 33,598. The stock has a market cap of $281.90 million, a PE ratio of 11.64 and a beta of 0.21. The company has a 50-day moving average of $32.98 and a 200-day moving average of $30.86. Oak Valley Bancorp has a 12 month low of $24.50 and a 12 month high of $35.47.

Oak Valley Bancorp (NASDAQ:OVLY) last announced its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $999.00 EPS for the quarter. The company had revenue of $20.78 million during the quarter. Oak Valley Bancorp had a return on equity of 12.12% and a net margin of 25.16%.

Institutional Trading of Oak Valley Bancorp

Institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC bought a new stake in Oak Valley Bancorp during the 4th quarter worth approximately $42,000. BNP Paribas Financial Markets increased its stake in Oak Valley Bancorp by 123.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,708 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 1,496 shares in the last quarter. CWM LLC increased its stake in Oak Valley Bancorp by 43.9% during the 3rd quarter. CWM LLC now owns 3,280 shares of the financial services provider’s stock worth $92,000 after purchasing an additional 1,001 shares in the last quarter. JPMorgan Chase & Co. increased 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 purchasing an additional 1,145 shares in the last quarter. Finally, LSV Asset Management increased its stake in Oak Valley Bancorp by 147.7% during the 3rd quarter. LSV Asset Management now owns 7,224 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 4,307 shares in the last quarter. 30.86% of the stock is owned by institutional investors.

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.