Oak Valley Bancorp (NASDAQ:OVLY) Posts Earnings Results

Oak Valley Bancorp (NASDAQ:OVLY) posted its quarterly earnings data on Friday. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, Zacks reports. Oak Valley Bancorp had a net margin of 25.28% and a return on equity of 12.56%.

Oak Valley Bancorp Price Performance

OVLY stock traded down $0.42 on Friday, reaching $32.13. The company’s stock had a trading volume of 13,960 shares, compared to its average volume of 13,284. The firm has a fifty day moving average of $29.59 and a two-hundred day moving average of $28.42. The company has a market capitalization of $269.51 million, a P/E ratio of 11.27 and a beta of 0.26. Oak Valley Bancorp has a 52 week low of $22.70 and a 52 week high of $32.87.

Analysts Set New Price Targets

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

Insider Buying and Selling at Oak Valley Bancorp

In related news, Director Gary Strong purchased 1,000 shares of Oak Valley Bancorp stock in a transaction dated Tuesday, October 28th. The stock was acquired at an average cost of $27.50 per share, with a total value of $27,500.00. Following the completion of the transaction, the director directly owned 12,842 shares of the company’s stock, valued at $353,155. This trade represents a 8.44% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 1,125 shares of company stock valued at $33,461 in the last ninety days. Corporate insiders own 18.08% of the company’s stock.

Institutional Investors Weigh In On Oak Valley Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of OVLY. Citadel Advisors LLC boosted its position in shares of Oak Valley Bancorp by 4.1% in the third quarter. Citadel Advisors LLC now owns 28,596 shares of the financial services provider’s stock valued at $806,000 after acquiring an additional 1,136 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of 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 buying an additional 1,145 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Oak Valley Bancorp by 123.4% in the third quarter. BNP Paribas Financial Markets now owns 2,708 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 1,496 shares during the last quarter. Barclays PLC lifted its stake in Oak Valley Bancorp by 7.3% in the 3rd quarter. Barclays PLC now owns 27,663 shares of the financial services provider’s stock valued at $779,000 after purchasing an additional 1,874 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Oak Valley Bancorp by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 161,422 shares of the financial services provider’s stock valued at $4,398,000 after acquiring an additional 2,592 shares in the last quarter. 30.86% of the stock is owned by institutional investors and hedge funds.

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.