Oak Valley Bancorp (NASDAQ:OVLY) Director Gary Strong Acquires 1,000 Shares

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) Director Gary Strong purchased 1,000 shares of Oak Valley Bancorp stock in a transaction dated Wednesday, January 8th. The shares were bought at an average price of $27.17 per share, for a total transaction of $27,170.00. Following the acquisition, the director now owns 11,842 shares in the company, valued at approximately $321,747.14. This trade represents a 9.22 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Oak Valley Bancorp Stock Performance

Shares of NASDAQ OVLY traded down $0.71 during mid-day trading on Friday, reaching $26.38. 15,525 shares of the company's stock were exchanged, compared to its average volume of 9,288. The company's 50-day moving average is $29.52 and its 200-day moving average is $27.21. The firm has a market capitalization of $220.51 million, a price-to-earnings ratio of 8.79 and a beta of 0.35. Oak Valley Bancorp has a 52-week low of $22.91 and a 52-week high of $32.24.

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last released its quarterly earnings results 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 net margin of 28.03% and a return on equity of 14.38%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp lifted its stake in 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 worth $2,295,000 after acquiring an additional 510 shares in the last quarter. FMR LLC lifted its holdings in Oak Valley Bancorp by 0.4% during the 3rd quarter. FMR LLC now owns 217,128 shares of the financial services provider's stock worth $5,769,000 after buying an additional 842 shares in the last quarter. Empowered Funds LLC boosted its position in Oak Valley Bancorp by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 38,004 shares of the financial services provider's stock valued at $1,010,000 after buying an additional 1,876 shares during the period. Bank of New York Mellon Corp grew its stake 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 acquiring an additional 3,124 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of 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 worth $4,133,000 after acquiring an additional 3,646 shares during the period. 30.86% of the stock is currently owned by hedge funds and other institutional investors.

About Oak Valley Bancorp

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.