Oak Valley Bancorp (NASDAQ:OVLY) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Oak Valley Bancorp (CA) (NASDAQ:OVLY)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $33.24 and traded as low as $32.91. Oak Valley Bancorp shares last traded at $33.20, with a volume of 23,316 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Oak Valley Bancorp in a report on Wednesday, July 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Oak Valley Bancorp Trading Up 1.0%

The company has a 50 day moving average price of $33.67 and a 200 day moving average price of $33.25. The firm has a market cap of $283.33 million, a PE ratio of 11.95 and a beta of 0.21.

Oak Valley Bancorp (NASDAQ:OVLY) last released its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.61 earnings per share for the quarter. The firm had revenue of $20.61 million during the quarter. Oak Valley Bancorp had a return on equity of 11.49% and a net margin of 24.80%.

Oak Valley Bancorp Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be given a $0.375 dividend. The ex-dividend date is Monday, August 3rd. This represents a dividend yield of 223.0%. Oak Valley Bancorp’s dividend payout ratio (DPR) is currently 26.60%.

Insider Activity

In other news, Director Gary Strong purchased 2,000 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was acquired at an average price of $32.50 per share, with a total value of $65,000.00. Following the purchase, the director directly owned 14,842 shares of the company’s stock, valued at $482,365. This represents a 15.57% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 1,125 shares of company stock worth $37,406. Insiders own 13.94% of the company’s stock.

Hedge Funds Weigh In On Oak Valley Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in shares of Oak Valley Bancorp by 1.6% in the second quarter. Geode Capital Management LLC now owns 161,422 shares of the financial services provider’s stock valued at $4,398,000 after purchasing an additional 2,592 shares in the last quarter. Rhumbline Advisers raised its position in shares of 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 purchasing an additional 3,875 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Oak Valley Bancorp by 20.9% in the 2nd quarter. Hsbc Holdings PLC now owns 15,037 shares of the financial services provider’s stock valued at $409,000 after buying an additional 2,603 shares in the last quarter. Jane Street Group LLC purchased a new stake in Oak Valley Bancorp in the 2nd quarter valued at approximately $208,000. Finally, JPMorgan Chase & Co. grew its holdings 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 valued at $169,000 after buying an additional 1,145 shares during the last quarter. Institutional investors and hedge funds own 30.86% of the company’s stock.

About Oak Valley Bancorp

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.