Oak Valley Bancorp (NASDAQ:OVLY) Shares Pass Above 50-Day Moving Average - Here's Why

Shares of Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $27.94 and traded as high as $27.95. Oak Valley Bancorp shares last traded at $27.90, with a volume of 23,252 shares traded.

Analyst Ratings Changes

Separately, StockNews.com downgraded Oak Valley Bancorp from a "hold" rating to a "sell" rating in a research report on Tuesday.

Oak Valley Bancorp Trading Up 1.7 %

The firm has a market capitalization of $236.67 million, a P/E ratio of 9.37 and a beta of 0.33. The firm has a 50-day moving average of $27.67 and a two-hundred day moving average of $27.43.

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

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Oak Valley Bancorp Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a $0.30 dividend. The ex-dividend date is Monday, February 3rd. This is an increase from Oak Valley Bancorp's previous semi-annual dividend of $0.23. This represents a yield of 1.7%. Oak Valley Bancorp's dividend payout ratio (DPR) is currently 19.87%.

Insider Buying and Selling at Oak Valley Bancorp

In other news, Director H Randolph Holder, Jr. bought 2,393 shares of the company's stock in a transaction on Monday, February 10th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $59,825.00. Following the completion of the transaction, the director now owns 150,026 shares of the company's stock, valued at $3,750,650. This trade represents a 1.62 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gary Strong purchased 1,000 shares of the firm's stock in a transaction dated Wednesday, January 8th. The stock was bought at an average cost of $27.17 per share, with a total value of $27,170.00. Following the purchase, the director now owns 11,842 shares of the company's stock, valued at approximately $321,747.14. This trade represents a 9.22 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders bought 9,774 shares of company stock worth $252,527. 19.26% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Oak Valley Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC increased its stake in shares of Oak Valley Bancorp by 0.4% in the third quarter. FMR LLC now owns 217,128 shares of the financial services provider's stock valued at $5,769,000 after buying an additional 842 shares during the period. Geode Capital Management LLC grew its stake in 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 purchasing an additional 3,646 shares during the period. Dimensional Fund Advisors LP grew its stake in Oak Valley Bancorp by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 108,971 shares of the financial services provider's stock worth $3,188,000 after purchasing an additional 1,499 shares during the period. State Street Corp grew 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 during the period. Finally, Valmark Advisers Inc. acquired a new stake in Oak Valley Bancorp during the fourth quarter worth approximately $1,726,000. Institutional investors and hedge funds own 30.86% of the company's stock.

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.