Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a report issued on Tuesday.
Oak Valley Bancorp Trading Up 1.2 %
NASDAQ OVLY traded up $0.29 during mid-day trading on Tuesday, hitting $24.00. The company's stock had a trading volume of 4,298 shares, compared to its average volume of 13,089. The firm has a market capitalization of $200.57 million, a price-to-earnings ratio of 7.95 and a beta of 0.28. The company's 50 day simple moving average is $25.65 and its 200 day simple moving average is $27.22. Oak Valley Bancorp has a twelve month low of $22.70 and a twelve month high of $32.24.
Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last issued its quarterly earnings data on Friday, January 24th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter. Oak Valley Bancorp had a net margin of 28.03% and a return on equity of 14.28%.
Insider Activity at Oak Valley Bancorp
In other news, Director H Randolph Holder, Jr. bought 2,393 shares of the stock in a transaction dated Monday, February 10th. The stock was bought at an average price of $25.00 per share, for a total transaction of $59,825.00. Following the completion of the acquisition, the director now directly 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 legal filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 9,202 shares of company stock valued at $237,207 over the last 90 days. Insiders own 19.26% of the company's stock.
Institutional Investors Weigh In On Oak Valley Bancorp
A number of institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of 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 valued at $2,295,000 after acquiring an additional 510 shares during the last quarter. Hsbc Holdings PLC grew its stake in 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 purchasing an additional 803 shares during the period. FMR LLC increased its position in shares of Oak Valley Bancorp by 0.4% during the 3rd quarter. FMR LLC now owns 217,128 shares of the financial services provider's stock valued at $5,769,000 after purchasing an additional 842 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Oak Valley Bancorp by 12.2% during the 4th quarter. Wells Fargo & Company MN now owns 8,000 shares of the financial services provider's stock worth $234,000 after purchasing an additional 872 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings 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 worth $44,000 after buying an additional 987 shares during the last quarter. 30.86% of the stock is owned by institutional investors.
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.
See Also
Before you consider Oak Valley Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oak Valley Bancorp wasn't on the list.
While Oak Valley Bancorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
