Oak Valley Bancorp (NASDAQ:OVLY) Posts Earnings Results

Oak Valley Bancorp (NASDAQ:OVLY) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $21.65 million during the quarter. Oak Valley Bancorp had a net margin of 24.05% and a return on equity of 11.31%.

Oak Valley Bancorp Trading Down 1.1%

NASDAQ:OVLY opened at $33.24 on Thursday. Oak Valley Bancorp has a twelve month low of $26.47 and a twelve month high of $35.97. The company has a 50-day moving average of $34.14 and a 200-day moving average of $33.83. The firm has a market cap of $279.65 million, a price-to-earnings ratio of 11.79 and a beta of 0.22.

Insider Buying and Selling

In other Oak Valley Bancorp news, Director Allison Lafferty bought 1,307 shares of Oak Valley Bancorp stock in a transaction that occurred on Wednesday, August 26th. The stock was purchased at an average cost of $33.93 per share, for a total transaction of $44,346.51. Following the completion of the acquisition, the director owned 10,000 shares of the company’s stock, valued at approximately $339,300. This represents a 15.04% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary Strong purchased 2,000 shares of the firm’s stock in a transaction on Monday, July 27th. The stock was acquired at an average price of $32.50 per share, for a total transaction of $65,000.00. Following the transaction, the director owned 14,842 shares of the company’s stock, valued at $482,365. The trade was a 15.57% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders purchased 3,797 shares of company stock worth $126,084 and sold 1,125 shares worth $37,808. 13.94% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Oak Valley Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat, Oak Valley Bancorp presently has an average rating of “Buy”.

Oak Valley Bancorp Company Profile

Oak Valley Bancorp is a bank holding company headquartered in Oakdale, California. Through its subsidiary, Oak Valley Community Bank, the company provides banking services to individuals, families, farmers, and businesses in California’s Central Valley.

Oak Valley Community Bank offers deposit products, commercial and agricultural loans, commercial real estate financing, residential real estate loans, consumer lending, and small-business financing. Its services also include treasury management, online and mobile banking, cash management, and other business banking solutions.

Founded in 1991, Oak Valley Community Bank serves communities primarily in Stanislaus, San Joaquin, and Merced counties through branch locations and digital banking channels.