Oak Valley Bancorp (NASDAQ:OVLY) Stock Price Passes Below Two Hundred Day Moving Average of $25.69

Shares of Oak Valley Bancorp (NASDAQ:OVLY) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $25.69 and traded as low as $23.12. Oak Valley Bancorp shares last traded at $23.12, with a volume of 5,203 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Oak Valley Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th.

Oak Valley Bancorp Stock Down 0.3 %

The stock has a market cap of $191.66 million, a P/E ratio of 6.18 and a beta of 0.36. The firm’s fifty day moving average price is $24.24 and its 200-day moving average price is $25.69.

Oak Valley Bancorp (NASDAQ:OVLY) last issued its earnings results on Friday, January 19th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter. Oak Valley Bancorp had a net margin of 35.34% and a return on equity of 20.92%. The firm had revenue of $19.67 million for the quarter.

Insider Buying and Selling

In other Oak Valley Bancorp news, Director Daniel J. Leonard purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was bought at an average price of $26.99 per share, with a total value of $26,990.00. Following the completion of the purchase, the director now directly owns 58,223 shares of the company’s stock, valued at approximately $1,571,438.77. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders acquired 2,923 shares of company stock valued at $74,598 over the last quarter. 19.61% of the stock is owned by company insiders.

Institutional Trading of Oak Valley Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SNC purchased a new position in Oak Valley Bancorp during the second quarter valued at $44,000. Tower Research Capital LLC TRC lifted its position in Oak Valley Bancorp by 36.4% during the first quarter. Tower Research Capital LLC TRC now owns 2,056 shares of the financial services provider’s stock valued at $48,000 after buying an additional 549 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Oak Valley Bancorp during the third quarter valued at $55,000. California State Teachers Retirement System purchased a new position in Oak Valley Bancorp during the second quarter valued at $56,000. Finally, MetLife Investment Management LLC purchased a new position in Oak Valley Bancorp during the second quarter valued at $92,000. Hedge funds and other 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.