Insider Selling: Oak Valley Bancorp (NASDAQ:OVLY) Director Sells $12,663.75 in Stock

Oak Valley Bancorp (CA) (NASDAQ:OVLYGet Free Report) Director Don Barton sold 375 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $33.77, for a total transaction of $12,663.75. Following the sale, the director owned 30,725 shares in the company, valued at $1,037,583.25. The trade was a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Oak Valley Bancorp Trading Down 1.1%

Shares of NASDAQ OVLY opened at $32.90 on Friday. The firm’s 50-day moving average price is $33.24 and its 200-day moving average price is $31.69. The stock has a market capitalization of $276.69 million, a price-to-earnings ratio of 11.42 and a beta of 0.21. Oak Valley Bancorp has a 12-month low of $24.77 and a 12-month high of $35.47.

Oak Valley Bancorp (NASDAQ:OVLYGet Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The financial services provider reported $0.64 EPS for the quarter. Oak Valley Bancorp had a net margin of 24.80% and a return on equity of 11.99%. The company had revenue of $20.78 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of OVLY. Geode Capital Management LLC grew its position in shares of Oak Valley Bancorp by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 161,422 shares of the financial services provider’s stock valued at $4,398,000 after buying an additional 2,592 shares during the last quarter. Rhumbline Advisers boosted its position in Oak Valley Bancorp by 59.4% during the second quarter. Rhumbline Advisers now owns 10,401 shares of the financial services provider’s stock worth $283,000 after acquiring an additional 3,875 shares during the last quarter. Hsbc Holdings PLC increased its position in Oak Valley Bancorp by 20.9% during the second quarter. Hsbc Holdings PLC now owns 15,037 shares of the financial services provider’s stock worth $409,000 after purchasing an additional 2,603 shares during the last quarter. Jane Street Group LLC acquired a new position in Oak Valley Bancorp during the second quarter worth approximately $208,000. Finally, LSV Asset Management raised its stake in shares of Oak Valley Bancorp by 147.7% in the 3rd quarter. LSV Asset Management now owns 7,224 shares of the financial services provider’s stock valued at $204,000 after acquiring an additional 4,307 shares during the period. 30.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Oak Valley Bancorp in a report on Friday, April 10th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

View Our Latest Analysis on Oak Valley Bancorp

About Oak Valley Bancorp

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Oak Valley Bancorp (NASDAQ:OVLY)

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