Banc Funds Co. LLC lessened its holdings in Oak Valley Bancorp (NASDAQ:OVLY - Free Report) by 39.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,822 shares of the financial services provider's stock after selling 28,684 shares during the period. Banc Funds Co. LLC owned approximately 0.52% of Oak Valley Bancorp worth $1,164,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of OVLY. Fourthstone LLC purchased a new stake in shares of Oak Valley Bancorp during the 3rd quarter worth approximately $295,000. Seizert Capital Partners LLC purchased a new stake in shares of Oak Valley Bancorp in the third quarter worth about $327,000. Bank of New York Mellon Corp raised its position in shares of Oak Valley Bancorp by 13.5% in the second quarter. Bank of New York Mellon Corp now owns 26,289 shares of the financial services provider's stock worth $656,000 after buying an additional 3,124 shares in the last quarter. Empowered Funds LLC increased its position in shares of Oak Valley Bancorp by 5.2% in the third quarter. Empowered Funds LLC now owns 38,004 shares of the financial services provider's stock worth $1,010,000 after purchasing an additional 1,876 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Oak Valley Bancorp by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 95,508 shares of the financial services provider's stock valued at $2,384,000 after purchasing an additional 7,176 shares in the last quarter. 30.86% of the stock is owned by institutional investors.
Oak Valley Bancorp Stock Up 2.0 %
Shares of Oak Valley Bancorp stock traded up $0.63 during trading on Monday, hitting $31.79. 2,258 shares of the stock traded hands, compared to its average volume of 12,290. The firm's fifty day moving average is $27.88 and its 200-day moving average is $26.12. The stock has a market cap of $265.76 million, a price-to-earnings ratio of 10.39 and a beta of 0.32. Oak Valley Bancorp has a 52 week low of $22.91 and a 52 week high of $31.79.
Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) 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 company had revenue of $19.50 million during the quarter. Oak Valley Bancorp had a net margin of 28.03% and a return on equity of 14.38%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Oak Valley Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, August 17th.
Check Out Our Latest Stock Report on OVLY
About Oak Valley Bancorp
(
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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