SG Americas Securities LLC Purchases New Shares in Oak Valley Bancorp (NASDAQ:OVLY)

SG Americas Securities LLC acquired a new position in Oak Valley Bancorp (NASDAQ:OVLY) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 3,661 shares of the financial services provider’s stock, valued at approximately $110,000.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Oak Valley Bancorp by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 243,536 shares of the financial services provider’s stock valued at $4,493,000 after acquiring an additional 7,730 shares during the last quarter. UBS Group AG boosted its holdings in shares of Oak Valley Bancorp by 8.5% in 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 period. State Street Corp increased its position in shares of Oak Valley Bancorp by 12.8% during the 1st quarter. State Street Corp now owns 17,388 shares of the financial services provider’s stock valued at $321,000 after purchasing an additional 1,970 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Oak Valley Bancorp by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 47,555 shares of the financial services provider’s stock valued at $1,077,000 after acquiring an additional 2,103 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Oak Valley Bancorp by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 55,833 shares of the financial services provider’s stock valued at $1,264,000 after purchasing an additional 1,651 shares during the last quarter. 30.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut Oak Valley Bancorp from a “hold” rating to a “sell” rating in a research note on Friday.

Oak Valley Bancorp Stock Up 4.4 %

Shares of Oak Valley Bancorp stock opened at $24.30 on Friday. The stock’s fifty day moving average is $24.13 and its two-hundred day moving average is $25.64. Oak Valley Bancorp has a 52 week low of $22.49 and a 52 week high of $30.70. The company has a market capitalization of $201.52 million, a PE ratio of 6.50 and a beta of 0.36.

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. The firm had revenue of $19.67 million during the quarter. Oak Valley Bancorp had a net margin of 35.34% and a return on equity of 20.92%.

Insider Activity at Oak Valley Bancorp

In related news, Director Daniel J. Leonard bought 1,000 shares of Oak Valley Bancorp stock in a transaction dated Wednesday, January 31st. The shares were acquired at an average cost of $26.99 per share, with a total value of $26,990.00. Following the completion of the transaction, the director now owns 58,223 shares in the company, valued at approximately $1,571,438.77. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders purchased 2,923 shares of company stock worth $74,598 in the last 90 days. 19.61% of the stock is owned by corporate insiders.

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.