Oak Valley Bancorp (NASDAQ:OVLY) Director Allison Lafferty Acquires 489 Shares of Stock

Oak Valley Bancorp (CA) (NASDAQ:OVLY) Director Allison Lafferty bought 489 shares of Oak Valley Bancorp stock in a transaction that occurred on Tuesday, November 25th. The stock was purchased at an average price of $28.48 per share, for a total transaction of $13,926.72. Following the acquisition, the director directly owned 7,920 shares of the company’s stock, valued at $225,561.60. The trade was a 6.58% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Oak Valley Bancorp Trading Down 0.7%

NASDAQ:OVLY traded down $0.19 on Thursday, hitting $28.16. 13,063 shares of the stock were exchanged, compared to its average volume of 12,460. The stock has a fifty day moving average of $27.68 and a 200-day moving average of $27.36. The stock has a market cap of $236.21 million, a PE ratio of 9.88 and a beta of 0.45. Oak Valley Bancorp has a fifty-two week low of $22.70 and a fifty-two week high of $32.24.

Oak Valley Bancorp (NASDAQ:OVLY) last released its quarterly earnings data on Thursday, November 13th. The financial services provider reported $0.81 earnings per share for the quarter. Oak Valley Bancorp had a return on equity of 12.80% and a net margin of 26.38%.The business had revenue of $21.17 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets grew its stake in Oak Valley Bancorp by 123.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,708 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 1,496 shares in the last quarter. LSV Asset Management acquired a new stake in shares of Oak Valley Bancorp during the second quarter worth approximately $79,000. Deutsche Bank AG grew its position in shares of Oak Valley Bancorp by 80.1% during the first quarter. Deutsche Bank AG now owns 3,657 shares of the financial services provider’s stock worth $91,000 after buying an additional 1,627 shares in the last quarter. CWM LLC increased its stake in shares of Oak Valley Bancorp by 43.9% in the third quarter. CWM LLC now owns 3,280 shares of the financial services provider’s stock worth $92,000 after buying an additional 1,001 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Oak Valley Bancorp by 23.6% in the third quarter. JPMorgan Chase & Co. now owns 5,997 shares of the financial services provider’s stock valued at $169,000 after acquiring an additional 1,145 shares in the last quarter. Institutional investors and hedge funds own 30.86% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Oak Valley Bancorp in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

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.