Oak Valley Bancorp (NASDAQ:OVLY) Announces Quarterly Earnings Results

Oak Valley Bancorp (NASDAQ:OVLY) announced its quarterly earnings data on Wednesday. The financial services provider reported $999.00 earnings per share for the quarter, reports. Oak Valley Bancorp had a return on equity of 12.33% and a net margin of 25.16%.

Oak Valley Bancorp Stock Down 1.0%

OVLY stock traded down $0.36 during midday trading on Wednesday, reaching $34.19. The company had a trading volume of 31,796 shares, compared to its average volume of 21,563. The stock has a 50 day moving average price of $32.95 and a 200 day moving average price of $30.58. Oak Valley Bancorp has a fifty-two week low of $24.05 and a fifty-two week high of $35.47. The firm has a market capitalization of $287.64 million, a PE ratio of 11.87 and a beta of 0.23.

Hedge Funds Weigh In On Oak Valley Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp boosted its position in shares of Oak Valley Bancorp by 0.8% during the fourth quarter. State Street Corp now owns 99,225 shares of the financial services provider’s stock worth $2,983,000 after buying an additional 806 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Oak Valley Bancorp by 3.7% during the third quarter. Dimensional Fund Advisors LP now owns 133,851 shares of the financial services provider’s stock worth $3,771,000 after buying an additional 4,731 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Oak Valley Bancorp by 23.6% during the third quarter. JPMorgan Chase & Co. now owns 5,997 shares of the financial services provider’s stock worth $169,000 after buying an additional 1,145 shares during the period. Bank of America Corp DE boosted its position in shares of Oak Valley Bancorp by 27.4% during the third quarter. Bank of America Corp DE now owns 16,329 shares of the financial services provider’s stock worth $460,000 after buying an additional 3,510 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of Oak Valley Bancorp by 123.4% during the third quarter. BNP Paribas Financial Markets now owns 2,708 shares of the financial services provider’s stock worth $76,000 after buying an additional 1,496 shares during the period. 30.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Oak Valley Bancorp in a report on Friday, April 10th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus 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.