Oak Valley Bancorp (NASDAQ:OVLY) Director Buys $10,296.26 in Stock

Oak Valley Bancorp (NASDAQ:OVLY) Director Janet S. Pelton bought 398 shares of the firm’s stock in a transaction on Wednesday, April 30th. The stock was bought at an average cost of $25.87 per share, for a total transaction of $10,296.26. Following the transaction, the director now directly owns 64,651 shares of the company’s stock, valued at $1,672,521.37. The trade was a 0.62 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Oak Valley Bancorp Trading Up 2.9 %

OVLY stock opened at $26.20 on Monday. The business’s fifty day moving average price is $24.88 and its 200 day moving average price is $27.06. Oak Valley Bancorp has a 12-month low of $22.70 and a 12-month high of $32.24. The company has a market capitalization of $218.95 million, a PE ratio of 8.68 and a beta of 0.28.

Oak Valley Bancorp (NASDAQ:OVLY) last issued its quarterly earnings results on Friday, April 18th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter. The business had revenue of $19.42 million for the quarter. Oak Valley Bancorp had a net margin of 28.03% and a return on equity of 14.28%.

Institutional Trading of Oak Valley Bancorp

Hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its position in shares of Oak Valley Bancorp by 190.2% during 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. Deutsche Bank AG purchased a new position in shares of Oak Valley Bancorp during the 4th quarter worth approximately $59,000. Sierra Ocean LLC acquired a new stake in Oak Valley Bancorp in the fourth quarter valued at $163,000. Legato Capital Management LLC purchased a new stake in Oak Valley Bancorp during the fourth quarter worth about $212,000. Finally, Wells Fargo & Company MN grew its holdings 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 worth $234,000 after acquiring an additional 872 shares during the period. Institutional investors and hedge funds own 30.86% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Oak Valley Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, April 8th.

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.