Oak Valley Bancorp (NASDAQ:OVLY) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Oak Valley Bancorp (NASDAQ:OVLY – Get Rating) in a research report issued to clients and investors on Saturday. The firm set a “hold” rating on the financial services provider’s stock.

Shares of NASDAQ:OVLY opened at $17.00 on Friday. The company has a market cap of $140.35 million, a P/E ratio of 9.71 and a beta of 0.40. Oak Valley Bancorp has a 1 year low of $16.77 and a 1 year high of $19.75. The stock’s fifty day moving average price is $17.95 and its 200-day moving average price is $17.98.

In other news, Director James L. Gilbert sold 1,400 shares of Oak Valley Bancorp stock in a transaction on Wednesday, February 23rd. The stock was sold at an average price of $19.00, for a total value of $26,600.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director H Randolph Holder, Jr. acquired 5,000 shares of the stock in a transaction dated Monday, May 9th. The stock was acquired at an average cost of $17.25 per share, with a total value of $86,250.00. Following the transaction, the director now directly owns 128,469 shares in the company, valued at $2,216,090.25. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 6,350 shares of company stock valued at $110,169. Corporate insiders own 19.11% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC purchased a new position in shares of Oak Valley Bancorp in the 4th quarter valued at about $30,000. Royal Bank of Canada boosted its holdings in shares of Oak Valley Bancorp by 325.5% during the 2nd quarter. Royal Bank of Canada now owns 2,472 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 1,891 shares during the last quarter. UBS Group AG boosted its holdings in shares of Oak Valley Bancorp by 8.5% during the 1st quarter. UBS Group AG now owns 7,956 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 624 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Oak Valley Bancorp by 8.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 11,433 shares of the financial services provider’s stock valued at $199,000 after acquiring an additional 886 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in Oak Valley Bancorp by 65.2% in the second quarter. Morgan Stanley now owns 13,620 shares of the financial services provider’s stock valued at $248,000 after acquiring an additional 5,376 shares during the last quarter. Institutional investors and hedge funds own 26.27% of the company’s stock.

About Oak Valley Bancorp (Get Rating)

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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