Insider Selling: Oak Valley Bancorp (NASDAQ:OVLY) Director Sells $12,750.00 in Stock

Oak Valley Bancorp (CA) (NASDAQ:OVLY) Director Don Barton sold 375 shares of Oak Valley Bancorp stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $34.00, for a total value of $12,750.00. Following the sale, the director owned 28,850 shares in the company, valued at $980,900. This represents a 1.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Don Barton also recently made the following trade(s):

• On Monday, September 28th, Don Barton sold 375 shares of Oak Valley Bancorp stock. The stock was sold at an average price of $34.03, for a total value of $12,761.25.
• On Wednesday, August 26th, Don Barton sold 375 shares of Oak Valley Bancorp stock. The stock was sold at an average price of $34.07, for a total value of $12,776.25.

Oak Valley Bancorp Trading Down 0.2%

Shares of Oak Valley Bancorp stock opened at $34.22 on Thursday. The firm has a market capitalization of $287.89 million, a P/E ratio of 12.31 and a beta of 0.22. The business has a fifty day simple moving average of $34.12 and a two-hundred day simple moving average of $33.38. Oak Valley Bancorp has a 12 month low of $26.47 and a 12 month high of $35.97.

Oak Valley Bancorp (NASDAQ:OVLY) last announced its earnings results on Wednesday, October 21st. The financial services provider reported $0.77 EPS for the quarter. The firm had revenue of $21.65 million for the quarter. Oak Valley Bancorp had a net margin of 24.05% and a return on equity of 11.03%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Oak Valley Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC raised its position in shares of Oak Valley Bancorp by 9.1% in the 2nd quarter. Hsbc Holdings PLC now owns 23,450 shares of the financial services provider’s stock worth $786,000 after purchasing an additional 1,949 shares during the last quarter. Algert Global LLC bought a new position in Oak Valley Bancorp in the 2nd quarter worth about $334,000. Renaissance Technologies LLC boosted its stake in Oak Valley Bancorp by 42.8% in the 1st quarter. Renaissance Technologies LLC now owns 35,375 shares of the financial services provider’s stock worth $1,147,000 after purchasing an additional 10,602 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Oak Valley Bancorp by 11.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 158,145 shares of the financial services provider’s stock valued at $5,128,000 after purchasing an additional 15,865 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Oak Valley Bancorp during the 2nd quarter valued at about $618,000. Hedge funds and other institutional investors own 30.86% of the company’s stock.

Oak Valley Bancorp Company Profile

Oak Valley Bancorp is the bank holding company for Oak Valley Community Bank, a community-focused financial institution headquartered in Oakdale, California. The bank serves individuals, families, farmers, professionals, and businesses in California’s Central Valley through a network of banking offices and digital banking services.

Oak Valley Community Bank offers a range of commercial and consumer banking products, including checking and savings accounts, certificates of deposit, business and agricultural loans, commercial real estate financing, residential real estate loans, and personal lending.