StockNews.com Upgrades Oak Valley Bancorp (NASDAQ:OVLY) to Hold

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

Oak Valley Bancorp Trading Down 0.8 %

OVLY stock traded down $0.19 during midday trading on Tuesday, hitting $24.14. The company had a trading volume of 20,786 shares, compared to its average volume of 12,588. Oak Valley Bancorp has a 52 week low of $23.00 and a 52 week high of $32.24. The stock's 50 day moving average price is $26.17 and its 200 day moving average price is $27.41. The stock has a market cap of $201.79 million, a price-to-earnings ratio of 7.99 and a beta of 0.28.

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%.

Insider Buying and Selling at Oak Valley Bancorp

In other Oak Valley Bancorp news, Director H Randolph Holder, Jr. bought 2,393 shares of the firm's stock in a transaction that occurred on 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 $3,750,650. The trade was a 1.62 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gary Strong bought 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 8th. The shares were acquired at an average price of $27.17 per share, with a total value of $27,170.00. Following the acquisition, the director now owns 11,842 shares of the company's stock, valued at $321,747.14. This represents a 9.22 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 9,924 shares of company stock worth $256,577. 19.26% of the stock is currently owned by insiders.

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Hedge Funds Weigh In On Oak Valley Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC grew its stake in Oak Valley Bancorp by 122.8% in the third quarter. Barclays PLC now owns 15,368 shares of the financial services provider's stock worth $408,000 after purchasing an additional 8,471 shares during the period. State Street Corp lifted its holdings in Oak Valley Bancorp by 0.6% in 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 period. FMR LLC lifted its holdings in 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 acquiring an additional 842 shares during the period. JPMorgan Chase & Co. lifted its holdings in Oak Valley Bancorp by 123.6% in the third quarter. JPMorgan Chase & Co. now owns 10,755 shares of the financial services provider's stock valued at $286,000 after acquiring an additional 5,945 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in 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 acquiring an additional 3,646 shares during the period. Institutional investors own 30.86% of the company's stock.

About Oak Valley Bancorp

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.