Oak Valley Bancorp (NASDAQ:OVLY) Share Price Crosses Below Two Hundred Day Moving Average of $25.63

Shares of Oak Valley Bancorp (NASDAQ:OVLY) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.63 and traded as low as $24.38. Oak Valley Bancorp shares last traded at $24.56, with a volume of 7,472 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com cut Oak Valley Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, April 19th.

Oak Valley Bancorp Trading Up 0.9 %

The company has a market capitalization of $203.60 million, a P/E ratio of 7.42 and a beta of 0.36. The business has a 50 day moving average price of $24.02 and a 200 day moving average price of $25.63.

Insider Activity at Oak Valley Bancorp

In other news, Director Daniel J. Leonard bought 1,000 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were bought at an average cost of $26.99 per share, for a total transaction of $26,990.00. Following the completion of the acquisition, the director now owns 58,223 shares in the company, valued at approximately $1,571,438.77. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders bought 2,923 shares of company stock worth $74,598. 19.61% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Oak Valley Bancorp

Several large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new position in shares of Oak Valley Bancorp during the 3rd quarter valued at about $55,000. SG Americas Securities LLC acquired a new stake in Oak Valley Bancorp during the 4th quarter worth approximately $110,000. BNP Paribas Financial Markets lifted its stake in Oak Valley Bancorp by 68.4% in the fourth quarter. BNP Paribas Financial Markets now owns 11,364 shares of the financial services provider’s stock valued at $340,000 after buying an additional 4,616 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Oak Valley Bancorp by 2.0% in the third quarter. FMR LLC now owns 214,083 shares of the financial services provider’s stock valued at $5,369,000 after buying an additional 4,213 shares during the period. 30.86% of the stock is currently owned by institutional investors.

Oak Valley Bancorp Company Profile

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.