Oak Valley Bancorp (NASDAQ:OVLY) Announces Earnings Results

Oak Valley Bancorp (NASDAQ:OVLY) released its earnings results on Friday. The financial services provider reported $0.76 EPS for the quarter, Zacks reports. Oak Valley Bancorp had a return on equity of 12.56% and a net margin of 25.28%.

Oak Valley Bancorp Trading Down 1.3%

Shares of OVLY stock traded down $0.42 during trading hours on Friday, hitting $32.13. The company’s stock had a trading volume of 13,960 shares, compared to its average volume of 13,284. The company has a 50 day moving average of $29.59 and a 200 day moving average of $28.42. Oak Valley Bancorp has a 12-month low of $22.70 and a 12-month high of $32.87. The stock has a market cap of $269.51 million, a PE ratio of 11.27 and a beta of 0.26.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oak Valley Bancorp in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

Insider Buying and Selling

In other news, Director Gary Strong purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, October 28th. The shares were purchased at an average cost of $27.50 per share, with a total value of $27,500.00. Following the completion of the acquisition, the director owned 12,842 shares of the company’s stock, valued at approximately $353,155. This represents a 8.44% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 1,125 shares of company stock worth $33,461 over the last quarter. 18.08% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OVLY. BNP Paribas Financial Markets raised its position in shares of 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 buying an additional 1,496 shares during the period. JPMorgan Chase & Co. increased its stake in Oak Valley Bancorp by 23.6% during the third quarter. JPMorgan Chase & Co. now owns 5,997 shares of the financial services provider’s stock worth $169,000 after acquiring an additional 1,145 shares during the last quarter. Jane Street Group LLC purchased a new stake in Oak Valley Bancorp in the second quarter valued at $208,000. Rhumbline Advisers lifted its stake in shares of Oak Valley Bancorp by 59.4% in the 2nd quarter. Rhumbline Advisers now owns 10,401 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 3,875 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of Oak Valley Bancorp by 20.9% in the 2nd quarter. Hsbc Holdings PLC now owns 15,037 shares of the financial services provider’s stock valued at $409,000 after purchasing an additional 2,603 shares during the last quarter. Hedge funds and other institutional investors own 30.86% of the company’s stock.

About Oak Valley Bancorp

Oak Valley Bancorp is the bank holding company for Oak Valley Community Bank, a California-chartered commercial bank headquartered in Lodi, California. Through its subsidiary, the company offers a full suite of banking services tailored to individuals, businesses, agricultural enterprises and nonprofit organizations. Its product portfolio includes checking and savings accounts, money market instruments, certificates of deposit and individual retirement accounts, alongside digital banking tools such as mobile and online banking platforms.

On the lending side, Oak Valley Bancorp provides commercial real estate and construction loans, agricultural and farm real estate financing, equipment leases, SBA-initiated programs and lines of credit.