Insider Selling: Oak Valley Bancorp (NASDAQ:OVLY) Director Sells $12,472.50 in Stock

Oak Valley Bancorp (CA) (NASDAQ:OVLY) Director Don Barton sold 375 shares of Oak Valley Bancorp stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $33.26, for a total transaction of $12,472.50. Following the sale, the director owned 30,350 shares of the company’s stock, valued at approximately $1,009,441. This represents a 1.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Don Barton also recently made the following trade(s):

• On Tuesday, May 26th, Don Barton sold 375 shares of Oak Valley Bancorp stock. The shares were sold at an average price of $33.77, for a total transaction of $12,663.75.

Oak Valley Bancorp Stock Up 1.3%

OVLY stock traded up $0.42 during midday trading on Friday, reaching $33.68. The company’s stock had a trading volume of 194,442 shares, compared to its average volume of 67,101. The business’s 50-day simple moving average is $33.68 and its 200-day simple moving average is $32.50. Oak Valley Bancorp has a 52 week low of $25.41 and a 52 week high of $35.97. The stock has a market cap of $283.25 million, a PE ratio of 11.69 and a beta of 0.21.

Oak Valley Bancorp (NASDAQ:OVLY) last posted its quarterly earnings results on Tuesday, May 12th. The financial services provider reported $0.64 earnings per share for the quarter. Oak Valley Bancorp had a return on equity of 11.99% and a net margin of 24.80%.The company had revenue of $20.78 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OVLY. Kestra Advisory Services LLC acquired a new stake in shares of Oak Valley Bancorp during the fourth quarter worth about $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. 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. Legato Capital Management LLC acquired a new stake in Oak Valley Bancorp during the 4th quarter worth approximately $207,000. Finally, Jane Street Group LLC bought a new position in Oak Valley Bancorp in the second quarter valued at approximately $208,000. 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 research report on Friday, April 10th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Oak Valley Bancorp has an average 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.