Deutsche Bank AG Makes New Investment in Oak Valley Bancorp (NASDAQ:OVLY)

Deutsche Bank AG purchased a new stake in shares of Oak Valley Bancorp (NASDAQ:OVLY) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,030 shares of the financial services provider’s stock, valued at approximately $59,000.

A number of other institutional investors and hedge funds have also made changes to their positions in OVLY. Hsbc Holdings PLC lifted its stake in Oak Valley Bancorp by 9.4% during the fourth quarter. Hsbc Holdings PLC now owns 9,330 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 803 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Oak Valley Bancorp by 12.2% during the 4th quarter. Wells Fargo & Company MN now owns 8,000 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 872 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Oak Valley Bancorp by 190.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,506 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 987 shares in the last quarter. Barclays PLC boosted its holdings in Oak Valley Bancorp by 8.9% during the 4th quarter. Barclays PLC now owns 16,735 shares of the financial services provider’s stock valued at $490,000 after acquiring an additional 1,367 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Oak Valley Bancorp by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 108,971 shares of the financial services provider’s stock valued at $3,188,000 after acquiring an additional 1,499 shares in the last quarter. 30.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Oak Valley Bancorp news, Director H Randolph Holder, Jr. purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average cost of $24.83 per share, with a total value of $49,660.00. Following the completion of the acquisition, the director now directly owns 152,176 shares of the company’s stock, valued at $3,778,530.08. This trade represents a 1.33% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders bought 3,210 shares of company stock worth $80,447 and sold 1,390 shares worth $34,607. Insiders own 18.08% of the company’s stock.

Oak Valley Bancorp Stock Performance

Shares of OVLY stock opened at $25.25 on Wednesday. The company has a 50 day moving average price of $25.04 and a 200 day moving average price of $26.69. The stock has a market capitalization of $211.65 million, a P/E ratio of 8.36 and a beta of 0.47. Oak Valley Bancorp has a fifty-two week low of $22.70 and a fifty-two week high of $32.24.

Oak Valley Bancorp (NASDAQ:OVLY) last released its earnings results on Friday, April 18th. The financial services provider reported $0.64 EPS for the quarter. Oak Valley Bancorp had a return on equity of 14.28% and a net margin of 28.03%. The firm had revenue of $19.42 million during the quarter.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Oak Valley Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, April 8th.

Oak Valley Bancorp 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.