M3F Inc. reduced its stake in Oak Valley Bancorp (NASDAQ:OVLY - Free Report) by 9.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 121,436 shares of the financial services provider's stock after selling 12,548 shares during the period. Oak Valley Bancorp makes up approximately 1.0% of M3F Inc.'s portfolio, making the stock its 20th biggest position. M3F Inc. owned about 1.45% of Oak Valley Bancorp worth $3,552,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. Barclays PLC raised its stake in shares of Oak Valley Bancorp by 122.8% in the 3rd quarter. Barclays PLC now owns 15,368 shares of the financial services provider's stock valued at $408,000 after acquiring an additional 8,471 shares during the period. State Street Corp lifted its stake 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 purchasing an additional 510 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Oak Valley Bancorp by 123.6% during the third quarter. JPMorgan Chase & Co. now owns 10,755 shares of the financial services provider's stock worth $286,000 after buying an additional 5,945 shares during the period. Geode Capital Management LLC grew its stake in shares of Oak Valley Bancorp by 2.4% in 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 in the last quarter. Finally, Valmark Advisers Inc. purchased a new stake in shares of Oak Valley Bancorp in the 4th quarter valued at $1,726,000. Institutional investors and hedge funds own 30.86% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded Oak Valley Bancorp from a "sell" rating to a "hold" rating in a report on Tuesday, April 8th.
View Our Latest Analysis on Oak Valley Bancorp
Oak Valley Bancorp Trading Down 1.4 %
OVLY traded down $0.36 during trading hours on Wednesday, hitting $24.53. 8,862 shares of the company's stock were exchanged, compared to its average volume of 13,105. The firm has a market cap of $205.00 million, a P/E ratio of 8.12 and a beta of 0.28. Oak Valley Bancorp has a 12-month low of $22.70 and a 12-month high of $32.24. The firm has a 50 day moving average of $25.16 and a 200 day moving average of $27.09.
Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last posted its quarterly earnings data on Friday, April 18th. The financial services provider reported $0.64 earnings per share for the quarter. The business had revenue of $19.42 million for the quarter. Oak Valley Bancorp had a return on equity of 14.28% and a net margin of 28.03%.
Insiders Place Their Bets
In other news, Director H Randolph Holder, Jr. acquired 2,393 shares of the company's stock in a transaction on Monday, February 10th. The shares were bought at an average cost of $25.00 per share, with a total value of $59,825.00. Following the transaction, the director now owns 150,026 shares in the company, valued at approximately $3,750,650. This trade represents a 1.62 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have purchased 9,202 shares of company stock worth $237,207 and have sold 990 shares worth $25,026. 19.26% of the stock is owned by company insiders.
Oak Valley Bancorp Company Profile
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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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