Short Interest in Oak Valley Bancorp (NASDAQ:OVLY) Decreases By 15.4%

Oak Valley Bancorp (NASDAQ:OVLY) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 28,000 shares, a decrease of 15.4% from the December 15th total of 33,100 shares. Based on an average trading volume of 10,800 shares, the days-to-cover ratio is presently 2.6 days. Currently, 0.4% of the shares of the company are sold short.

Insider Transactions at Oak Valley Bancorp

In related news, Director Gary Strong bought 1,000 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was acquired at an average price of $27.17 per share, for a total transaction of $27,170.00. Following the purchase, the director now directly owns 11,842 shares in the company, valued at $321,747.14. This trade represents a 9.22 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 19.26% of the stock is owned by corporate insiders.

Institutional Trading of Oak Valley Bancorp

A number of large investors have recently modified their holdings of the business. FMR LLC boosted its position in shares of Oak Valley Bancorp by 0.4% during the 3rd quarter. FMR LLC now owns 217,128 shares of the financial services provider’s stock valued at $5,769,000 after acquiring an additional 842 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Oak Valley Bancorp by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 155,526 shares of the financial services provider’s stock valued at $4,133,000 after acquiring an additional 3,646 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Oak Valley Bancorp by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 95,508 shares of the financial services provider’s stock valued at $2,384,000 after acquiring an additional 7,176 shares during the last quarter. State Street Corp boosted its position in shares of Oak Valley Bancorp by 0.6% during the 3rd quarter. State Street Corp now owns 86,390 shares of the financial services provider’s stock valued at $2,295,000 after acquiring an additional 510 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Oak Valley Bancorp by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 38,004 shares of the financial services provider’s stock valued at $1,010,000 after acquiring an additional 1,876 shares during the last quarter. Institutional investors own 30.86% of the company’s stock.

Oak Valley Bancorp Stock Down 1.3 %

Shares of NASDAQ OVLY opened at $26.14 on Friday. Oak Valley Bancorp has a 52 week low of $22.91 and a 52 week high of $32.24. The business has a 50-day simple moving average of $29.35 and a two-hundred day simple moving average of $27.30. The company has a market cap of $218.53 million, a P/E ratio of 8.71 and a beta of 0.35.

Oak Valley Bancorp (NASDAQ:OVLY) last issued its earnings results on Friday, October 18th. The financial services provider reported $0.89 EPS for the quarter. The business had revenue of $19.50 million during 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.