Oak Valley Bancorp (NASDAQ:OVLY) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Oak Valley Bancorp (NASDAQ:OVLY) from a sell rating to a hold rating in a research note published on Tuesday.

Oak Valley Bancorp Price Performance

Oak Valley Bancorp stock opened at $24.30 on Tuesday. The firm has a market capitalization of $203.15 million, a PE ratio of 7.34 and a beta of 0.36. The company’s 50-day moving average is $24.01 and its 200-day moving average is $25.57. Oak Valley Bancorp has a fifty-two week low of $22.49 and a fifty-two week high of $30.70.

Oak Valley Bancorp (NASDAQ:OVLY) last released its quarterly earnings data on Friday, April 19th. The financial services provider reported $0.69 earnings per share for the quarter. The company had revenue of $18.76 million for the quarter. Oak Valley Bancorp had a net margin of 31.38% and a return on equity of 17.78%.

Institutional Trading of Oak Valley Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC boosted its holdings in Oak Valley Bancorp by 2.0% in the 3rd quarter. FMR LLC now owns 214,083 shares of the financial services provider’s stock valued at $5,369,000 after purchasing an additional 4,213 shares during the period. SG Americas Securities LLC acquired a new position in Oak Valley Bancorp during the 4th quarter worth approximately $110,000. Allspring Global Investments Holdings LLC acquired a new position in Oak Valley Bancorp during the 3rd quarter worth approximately $55,000. Vanguard Group Inc. increased its position in Oak Valley Bancorp by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 376,840 shares of the financial services provider’s stock worth $9,338,000 after purchasing an additional 6,782 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in Oak Valley Bancorp by 44.4% during the 1st quarter. BNP Paribas Financial Markets now owns 16,412 shares of the financial services provider’s stock worth $407,000 after purchasing an additional 5,048 shares in the last quarter. Institutional investors own 30.86% of the company’s stock.

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.