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.
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.
- Get a free copy of the StockNews.com research report on Oak Valley Bancorp (OVLY)
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