Oak Valley Bancorp (CA) (NASDAQ:OVLY - Get Free Report) Director Daniel Leonard purchased 375 shares of the company's stock in a transaction on Wednesday, April 29th. The stock was acquired at an average cost of $33.00 per share, for a total transaction of $12,375.00. Following the completion of the transaction, the director owned 62,598 shares in the company, valued at approximately $2,065,734. This trade represents a 0.60% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Oak Valley Bancorp Stock Down 0.2%
Shares of NASDAQ OVLY opened at $33.08 on Friday. The business's 50 day moving average is $32.98 and its two-hundred day moving average is $30.86. The company has a market cap of $278.30 million, a P/E ratio of 11.49 and a beta of 0.23. Oak Valley Bancorp has a 12 month low of $24.50 and a 12 month high of $35.47.
Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $999.00 earnings per share (EPS) for the quarter. The business had revenue of $20.78 million for the quarter. Oak Valley Bancorp had a return on equity of 12.12% and a net margin of 25.16%.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a "buy (b)" rating on shares of Oak Valley Bancorp in a research report on Friday, April 10th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy".
Check Out Our Latest Report on Oak Valley Bancorp
Hedge Funds Weigh In On Oak Valley Bancorp
Institutional investors and hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new position in Oak Valley Bancorp in the fourth quarter worth $42,000. BNP Paribas Financial Markets boosted its stake in Oak Valley Bancorp by 123.4% in the third quarter. BNP Paribas Financial Markets now owns 2,708 shares of the financial services provider's stock worth $76,000 after purchasing an additional 1,496 shares in the last quarter. CWM LLC boosted its stake in Oak Valley Bancorp by 43.9% in the third quarter. CWM LLC now owns 3,280 shares of the financial services provider's stock worth $92,000 after purchasing an additional 1,001 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Oak Valley Bancorp by 23.6% in the third quarter. JPMorgan Chase & Co. now owns 5,997 shares of the financial services provider's stock worth $169,000 after purchasing an additional 1,145 shares in the last quarter. Finally, LSV Asset Management boosted its stake in Oak Valley Bancorp by 147.7% in the third quarter. LSV Asset Management now owns 7,224 shares of the financial services provider's stock worth $204,000 after purchasing an additional 4,307 shares in the last quarter. Institutional investors and hedge funds own 30.86% of the company's stock.
Oak Valley Bancorp Company Profile
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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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