StockNews.com Lowers Oak Valley Bancorp (NASDAQ:OVLY) to Sell

Oak Valley Bancorp (NASDAQ:OVLYGet Free Report) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

Oak Valley Bancorp Trading Up 5.0 %

Shares of Oak Valley Bancorp stock opened at $26.47 on Tuesday. The company has a fifty day moving average price of $27.55 and a 200 day moving average price of $26.26. The stock has a market cap of $219.44 million, a price-to-earnings ratio of 7.08 and a beta of 0.38. Oak Valley Bancorp has a twelve month low of $22.49 and a twelve month high of $30.70.

Oak Valley Bancorp (NASDAQ:OVLYGet Free Report) last posted its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.71 earnings per share for the quarter. The company had revenue of $19.67 million during the quarter. Oak Valley Bancorp had a net margin of 39.97% and a return on equity of 21.84%.

Insider Activity

In other Oak Valley Bancorp news, Director Daniel J. Leonard acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were purchased at an average price of $26.99 per share, for a total transaction of $26,990.00. Following the completion of the purchase, the director now directly owns 58,223 shares in the company, valued at $1,571,438.77. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 19.61% of the company’s stock.

Institutional Investors Weigh In On Oak Valley Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SNC acquired a new stake in Oak Valley Bancorp during the second quarter worth about $44,000. Tower Research Capital LLC TRC increased its stake in shares of Oak Valley Bancorp by 36.4% in the first quarter. Tower Research Capital LLC TRC now owns 2,056 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 549 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Oak Valley Bancorp in the third quarter valued at approximately $55,000. California State Teachers Retirement System acquired a new stake in shares of Oak Valley Bancorp in the second quarter valued at approximately $56,000. Finally, American International Group Inc. acquired a new stake in shares of Oak Valley Bancorp in the second quarter valued at approximately $82,000. Institutional investors and hedge funds own 27.40% of the company’s stock.

Oak Valley Bancorp Company Profile

(Get Free Report)

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.

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