Oak Valley Bancorp (CA) (NASDAQ:OVLY) Sees Large Decrease in Short Interest

Oak Valley Bancorp (CA) (NASDAQ:OVLY) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 31,648 shares, a decline of 22.7% from the December 15th total of 40,949 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 13,712 shares, the short-interest ratio is presently 2.3 days. Based on an average daily trading volume, of 13,712 shares, the short-interest ratio is presently 2.3 days. Approximately 0.5% of the shares of the stock are short sold.

Oak Valley Bancorp Price Performance

Shares of OVLY stock traded up $0.27 on Friday, reaching $31.20. 19,011 shares of the stock were exchanged, compared to its average volume of 10,978. The stock has a 50 day moving average price of $29.37 and a 200 day moving average price of $28.32. The stock has a market cap of $261.77 million, a PE ratio of 10.95 and a beta of 0.26. Oak Valley Bancorp has a one year low of $22.70 and a one year high of $31.90.

Oak Valley Bancorp (NASDAQ:OVLY) last announced its quarterly earnings data on Thursday, November 13th. The financial services provider reported $0.81 earnings per share for the quarter. The firm had revenue of $21.17 million during the quarter. Oak Valley Bancorp had a return on equity of 12.56% and a net margin of 25.28%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Oak Valley Bancorp in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Insider Buying and Selling

In other news, Director Gary Strong acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, October 28th. The shares were purchased at an average cost of $27.50 per share, with a total value of $27,500.00. Following the completion of the purchase, the director owned 12,842 shares of the company’s stock, valued at $353,155. This represents a 8.44% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 1,125 shares of company stock valued at $33,461 in the last quarter. 18.08% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in OVLY. Fourthstone LLC boosted its stake in Oak Valley Bancorp by 36.3% during the 2nd quarter. Fourthstone LLC now owns 141,400 shares of the financial services provider’s stock worth $3,852,000 after acquiring an additional 37,692 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Oak Valley Bancorp in the second quarter worth $319,000. LSV Asset Management bought a new position in shares of Oak Valley Bancorp during the second quarter worth $79,000. Dimensional Fund Advisors LP grew its holdings in shares of Oak Valley Bancorp by 3.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 133,851 shares of the financial services provider’s stock valued at $3,771,000 after buying an additional 4,731 shares during the period. Finally, Hsbc Holdings PLC increased its position in shares of 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. 30.86% of the stock is currently 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.