Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $25.02 and traded as low as $23.47. Oak Valley Bancorp shares last traded at $23.92, with a volume of 2,139 shares trading hands.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Oak Valley Bancorp from a "sell" rating to a "hold" rating in a research note on Wednesday, June 19th.
View Our Latest Research Report on Oak Valley Bancorp
Oak Valley Bancorp Stock Down 1.9 %
The company has a market capitalization of $196.21 million, a PE ratio of 7.23 and a beta of 0.35. The business has a 50 day simple moving average of $23.95 and a 200 day simple moving average of $25.02.
Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last issued its quarterly earnings results on Friday, April 19th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter. The company had revenue of $18.76 million for the quarter. Oak Valley Bancorp had a return on equity of 17.78% and a net margin of 31.38%.
Hedge Funds Weigh In On Oak Valley Bancorp
A number of hedge funds have recently bought and sold shares of OVLY. Empowered Funds LLC lifted its position in shares of Oak Valley Bancorp by 7.9% in the first quarter. Empowered Funds LLC now owns 33,608 shares of the financial services provider's stock valued at $833,000 after acquiring an additional 2,450 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Oak Valley Bancorp in the fourth quarter valued at approximately $110,000. FMR LLC lifted its position in shares of Oak Valley Bancorp by 2.0% in the third quarter. FMR LLC now owns 214,083 shares of the financial services provider's stock valued at $5,369,000 after acquiring an additional 4,213 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Oak Valley Bancorp by 68.4% in the fourth quarter. BNP Paribas Financial Markets now owns 11,364 shares of the financial services provider's stock valued at $340,000 after acquiring an additional 4,616 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Oak Valley Bancorp by 1.8% in the first quarter. Vanguard Group Inc. now owns 376,840 shares of the financial services provider's stock valued at $9,338,000 after acquiring an additional 6,782 shares in the last quarter. Hedge funds and other institutional investors own 30.86% of the company's stock.
About Oak Valley Bancorp
(
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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