Oak Valley Bancorp (NASDAQ:OVLY) Sees Significant Drop in Short Interest

Oak Valley Bancorp (NASDAQ:OVLY) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 33,100 shares, a decline of 19.9% from the November 30th total of 41,300 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 10,900 shares, the short-interest ratio is currently 3.0 days.

Institutional Trading of Oak Valley Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in OVLY. JPMorgan Chase & Co. lifted its stake in Oak Valley Bancorp by 123.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,755 shares of the financial services provider’s stock worth $286,000 after purchasing an additional 5,945 shares in the last quarter. Barclays PLC raised its position in shares of Oak Valley Bancorp by 122.8% in the third quarter. Barclays PLC now owns 15,368 shares of the financial services provider’s stock worth $408,000 after buying an additional 8,471 shares in the last quarter. Geode Capital Management LLC boosted its stake in Oak Valley Bancorp by 2.4% during the third quarter. Geode Capital Management LLC now owns 155,526 shares of the financial services provider’s stock valued at $4,133,000 after buying an additional 3,646 shares during the period. State Street Corp grew its position in Oak Valley Bancorp by 0.6% during the third quarter. State Street Corp now owns 86,390 shares of the financial services provider’s stock worth $2,295,000 after buying an additional 510 shares in the last quarter. Finally, Fourthstone LLC purchased a new position in Oak Valley Bancorp during the third quarter worth about $295,000. 30.86% of the stock is currently owned by institutional investors.

Oak Valley Bancorp Price Performance

Shares of NASDAQ OVLY traded down $0.10 during mid-day trading on Friday, reaching $29.70. 21,541 shares of the company’s stock were exchanged, compared to its average volume of 12,169. Oak Valley Bancorp has a 52 week low of $22.91 and a 52 week high of $32.24. The firm has a 50-day moving average price of $29.34 and a two-hundred day moving average price of $26.96. The firm has a market capitalization of $248.26 million, a price-to-earnings ratio of 9.90 and a beta of 0.34.

Oak Valley Bancorp (NASDAQ:OVLY) last announced its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter. The business had revenue of $19.50 million for the quarter. Oak Valley Bancorp had a return on equity of 14.38% and a net margin of 28.03%.

Oak Valley Bancorp Company Profile

Oak Valley Bancorp operates as the bank holding company for Oak Valley Community Bank that provides a range of commercial banking services to individuals and small to medium-sized businesses in the Central Valley and the Eastern Sierras. The company's deposits products include checking and savings, money market, health savings, and individual retirement accounts, as well as certificates of deposit.