Oak Valley Bancorp (NASDAQ:OVLY – Get Free Report) released its quarterly earnings data on Tuesday. The financial services provider reported $0.77 earnings per share for the quarter, FiscalAI reports. Oak Valley Bancorp had a return on equity of 11.03% and a net margin of 24.05%. The business had revenue of $21.65 million for the quarter.
Oak Valley Bancorp Price Performance
OVLY stock traded up $0.04 during trading on Thursday, hitting $34.66. The stock had a trading volume of 818 shares, compared to its average volume of 28,709. Oak Valley Bancorp has a twelve month low of $27.21 and a twelve month high of $36.08. The stock has a market capitalization of $291.59 million, a P/E ratio of 12.47 and a beta of 0.24. The company’s 50-day moving average price is $34.23 and its two-hundred day moving average price is $33.55.
Insider Activity
In related news, Director Allison Lafferty purchased 1,307 shares of Oak Valley Bancorp stock in a transaction dated Wednesday, August 26th. The stock was bought at an average cost of $33.93 per share, for a total transaction of $44,346.51. Following the transaction, the director owned 10,000 shares in the company, valued at approximately $339,300. The trade was a 15.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders have acquired 1,922 shares of company stock worth $65,380 and have sold 1,125 shares worth $38,288. 13.94% of the stock is owned by insiders.
Institutional Investors Weigh In On Oak Valley Bancorp
A number of institutional investors and hedge funds have recently modified their holdings of OVLY. State Street Corp raised its stake in Oak Valley Bancorp by 23.0% during the 2nd quarter. State Street Corp now owns 130,531 shares of the financial services provider’s stock worth $4,405,000 after buying an additional 24,382 shares during the period. Squarepoint Ops LLC bought a new stake in Oak Valley Bancorp during the second quarter valued at approximately $802,000. Kestra Advisory Services LLC grew its position in Oak Valley Bancorp by 1,578.7% during the first quarter. Kestra Advisory Services LLC now owns 23,519 shares of the financial services provider’s stock valued at $763,000 after buying an additional 22,118 shares during the period. Citadel Advisors LLC increased its holdings in Oak Valley Bancorp by 280.6% during the second quarter. Citadel Advisors LLC now owns 28,963 shares of the financial services provider’s stock valued at $977,000 after buying an additional 21,354 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in Oak Valley Bancorp during the second quarter valued at approximately $718,000. Institutional investors and hedge funds own 30.86% of the company’s stock.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded Oak Valley Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, November 2nd. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, Oak Valley Bancorp currently has a consensus rating of “Buy”.
Get Our Latest Stock Analysis on OVLY
About Oak Valley Bancorp
Oak Valley Bancorp is a bank holding company headquartered in Oakdale, California. Its principal subsidiary, Oak Valley Community Bank, provides banking services to individuals, businesses and nonprofit organizations. The bank offers business and personal deposit accounts, commercial and real estate lending, agricultural financing, cash-management services and other customary community-banking products. Its lending supports needs such as business operations, property purchases and development. Oak Valley Community Bank serves communities in California’s Central Valley, Sacramento region and Eastern Sierra.
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