Oak Valley Bancorp (NASDAQ:OVLY) Downgraded to "Sell" Rating by StockNews.com

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Tuesday.

Oak Valley Bancorp Price Performance

NASDAQ:OVLY traded up $0.48 during trading hours on Tuesday, reaching $28.31. 20,038 shares of the company were exchanged, compared to its average volume of 20,077. The company has a market capitalization of $236.67 million, a P/E ratio of 9.37 and a beta of 0.33. Oak Valley Bancorp has a 1-year low of $22.91 and a 1-year high of $32.24. The business has a 50 day moving average of $27.67 and a 200 day moving average of $27.43.

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last issued its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter. Oak Valley Bancorp had a return on equity of 14.28% and a net margin of 28.03%.

Insider Buying and Selling

In other Oak Valley Bancorp news, Director Gary Strong bought 1,000 shares of the business's stock in a transaction on Wednesday, January 8th. The stock was purchased at an average cost of $27.17 per share, for a total transaction of $27,170.00. Following the completion of the purchase, the director now directly owns 11,842 shares of the company's stock, valued at approximately $321,747.14. This trade represents a 9.22 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director H Randolph Holder, Jr. bought 2,393 shares of the business's stock in a transaction on Monday, February 10th. The shares were acquired at an average price of $25.00 per share, with a total value of $59,825.00. Following the completion of the purchase, the director now directly owns 150,026 shares of the company's stock, valued at approximately $3,750,650. The trade was a 1.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 9,774 shares of company stock valued at $252,527 over the last 90 days. 19.26% of the stock is owned by corporate insiders.

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Institutional Investors Weigh In On Oak Valley Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in OVLY. Tower Research Capital LLC TRC lifted its stake in shares of Oak Valley Bancorp by 190.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,506 shares of the financial services provider's stock valued at $44,000 after acquiring an additional 987 shares during the last quarter. Sierra Ocean LLC bought a new position in shares of Oak Valley Bancorp in the 4th quarter valued at $163,000. Legato Capital Management LLC bought a new position in shares of Oak Valley Bancorp in the 4th quarter valued at $212,000. Wells Fargo & Company MN lifted its stake in shares of Oak Valley Bancorp by 12.2% in the 4th quarter. Wells Fargo & Company MN now owns 8,000 shares of the financial services provider's stock valued at $234,000 after acquiring an additional 872 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of Oak Valley Bancorp by 9.4% in the 4th quarter. Hsbc Holdings PLC now owns 9,330 shares of the financial services provider's stock valued at $281,000 after acquiring an additional 803 shares during the last quarter. 30.86% of the stock is currently owned by institutional investors.

Oak Valley Bancorp Company Profile

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.