Key Points
- Director Don Barton sold 375 shares on Nov. 12 at an average price of $28.69 for about $10,758.75, leaving him with 31,850 shares and a roughly 1.16% reduction in his stake.
- Recent results and stock metrics: Oak Valley reported $0.81 EPS and $21.17M revenue for the quarter, trades near $28.95 with a market cap of about $242.6M and a P/E of 10.16 (52-week range $22.70–$32.24).
- Institutional and analyst sentiment: Multiple institutions have increased positions (institutions own ~30.86% of shares) and Weiss Ratings has reissued a "Buy," contributing to a consensus Buy rating.
Oak Valley Bancorp (CA) (NASDAQ:OVLY - Get Free Report) Director Don Barton sold 375 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $28.69, for a total transaction of $10,758.75. Following the sale, the director directly owned 31,850 shares of the company's stock, valued at approximately $913,776.50. This represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Oak Valley Bancorp Stock Performance
Shares of NASDAQ OVLY traded down $0.27 during trading on Friday, hitting $28.95. The company had a trading volume of 7,011 shares, compared to its average volume of 12,576. Oak Valley Bancorp has a 52 week low of $22.70 and a 52 week high of $32.24. The business's 50-day moving average is $27.81 and its 200 day moving average is $27.18. The company has a market cap of $242.59 million, a P/E ratio of 10.16 and a beta of 0.45.
Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last announced its earnings results on Thursday, November 13th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter. The company had revenue of $21.17 million for the quarter. Oak Valley Bancorp had a return on equity of 12.80% and a net margin of 26.38%.
Institutional Trading of Oak Valley Bancorp
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets increased its holdings 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 acquiring an additional 1,496 shares during the last quarter. LSV Asset Management bought a new position in shares of Oak Valley Bancorp in the second quarter valued at approximately $79,000. Deutsche Bank AG boosted its holdings in shares of Oak Valley Bancorp by 80.1% during the 1st quarter. Deutsche Bank AG now owns 3,657 shares of the financial services provider's stock worth $91,000 after buying an additional 1,627 shares during the period. CWM LLC grew its stake in Oak Valley Bancorp by 43.9% in the 3rd quarter. CWM LLC now owns 3,280 shares of the financial services provider's stock valued at $92,000 after buying an additional 1,001 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Oak Valley Bancorp by 23.6% during the 3rd 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. Institutional investors and hedge funds own 30.86% of the company's stock.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a "buy (b)" rating on shares of Oak Valley Bancorp in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Oak Valley Bancorp has a consensus rating of "Buy".
Check Out Our Latest Stock Report on Oak Valley Bancorp
About Oak Valley Bancorp
(
Get Free Report)
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.
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