Oak Valley Bancorp (NASDAQ:OVLY) Upgraded by StockNews.com to Hold Rating

Oak Valley Bancorp (NASDAQ:OVLY) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

Oak Valley Bancorp Stock Up 0.9 %

NASDAQ OVLY traded up $0.22 on Tuesday, reaching $24.54. The company had a trading volume of 8,820 shares, compared to its average volume of 12,562. The stock has a market capitalization of $205.13 million, a P/E ratio of 8.13 and a beta of 0.28. The company’s fifty day moving average is $26.32 and its 200 day moving average is $27.45. Oak Valley Bancorp has a 52-week low of $23.00 and a 52-week high of $32.24.

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

Insider Transactions at Oak Valley Bancorp

In related news, Director H Randolph Holder, Jr. bought 2,393 shares of the business’s stock in a transaction on Monday, February 10th. The stock was acquired at an average price of $25.00 per share, for a total transaction of $59,825.00. Following the purchase, the director now directly owns 150,026 shares in the company, valued at $3,750,650. This trade represents a 1.62 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary Strong bought 1,000 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was bought at an average price of $27.17 per share, with a total value of $27,170.00. Following the purchase, the director now owns 11,842 shares in the company, valued at $321,747.14. This trade represents a 9.22 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 9,924 shares of company stock worth $256,577. 19.26% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its stake in 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 purchasing an additional 987 shares during the period. Deutsche Bank AG bought a new position in Oak Valley Bancorp in the 4th quarter worth about $59,000. Sierra Ocean LLC bought a new position in Oak Valley Bancorp in the 4th quarter worth about $163,000. Legato Capital Management LLC bought a new position in Oak Valley Bancorp in the 4th quarter worth about $212,000. Finally, Wells Fargo & Company MN boosted its stake in 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 worth $234,000 after purchasing an additional 872 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.