Oak Valley Bancorp (NASDAQ:OVLY) Shares Sold by Citadel Advisors LLC

Citadel Advisors LLC reduced its stake in shares of Oak Valley Bancorp (NASDAQ:OVLY) by 11.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,114 shares of the financial services provider’s stock after selling 1,847 shares during the period. Citadel Advisors LLC owned 0.17% of Oak Valley Bancorp worth $413,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its holdings in shares of Oak Valley Bancorp by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 108,971 shares of the financial services provider’s stock worth $3,188,000 after acquiring an additional 1,499 shares during the last quarter. Valmark Advisers Inc. acquired a new position in Oak Valley Bancorp in the 4th quarter valued at about $1,726,000. JPMorgan Chase & Co. raised its stake in Oak Valley Bancorp by 118.8% in the 4th quarter. JPMorgan Chase & Co. now owns 23,537 shares of the financial services provider’s stock valued at $688,000 after purchasing an additional 12,782 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Oak Valley Bancorp by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,772 shares of the financial services provider’s stock valued at $608,000 after buying an additional 1,679 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Oak Valley Bancorp by 8.9% in the fourth quarter. Barclays PLC now owns 16,735 shares of the financial services provider’s stock valued at $490,000 after buying an additional 1,367 shares during the last quarter. 30.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Oak Valley Bancorp Stock Performance

Shares of OVLY opened at $25.25 on Wednesday. The stock has a fifty day moving average of $25.04 and a two-hundred day moving average of $26.69. The company has a market capitalization of $211.65 million, a PE 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. The firm had revenue of $19.42 million during the quarter. Oak Valley Bancorp had a return on equity of 14.28% and a net margin of 28.03%.

Insider Transactions at Oak Valley Bancorp

In related news, Director H Randolph Holder, Jr. acquired 2,000 shares of the business’s stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average cost of $24.83 per share, for a total transaction of $49,660.00. Following the acquisition, the director now directly owns 152,176 shares in the company, valued at approximately $3,778,530.08. The trade was a 1.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders have purchased 3,210 shares of company stock worth $80,447 and have sold 1,390 shares worth $34,607. Insiders own 18.08% 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.