Bank of America Corp DE Has $304,000 Stock Position in Oak Valley Bancorp (NASDAQ:OVLY)

Bank of America Corp DE grew its position in Oak Valley Bancorp (NASDAQ:OVLY) by 29.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,394 shares of the financial services provider’s stock after purchasing an additional 2,343 shares during the period. Bank of America Corp DE owned about 0.12% of Oak Valley Bancorp worth $304,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Tower Research Capital LLC TRC grew its position in shares of 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 valued at $44,000 after purchasing an additional 987 shares in the last quarter. Sierra Ocean LLC purchased a new position in shares of Oak Valley Bancorp in the 4th quarter valued at approximately $163,000. Legato Capital Management LLC purchased a new position in Oak Valley Bancorp during the 4th quarter valued at about $212,000. Wells Fargo & Company MN raised its position in shares of Oak Valley Bancorp by 12.2% in the 4th quarter. Wells Fargo & Company MN now owns 8,000 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 872 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Oak Valley Bancorp by 9.4% in the 4th quarter. Hsbc Holdings PLC now owns 9,330 shares of the financial services provider’s stock worth $281,000 after acquiring an additional 803 shares during the last quarter. 30.86% of the stock is owned by hedge funds and other institutional investors.

Oak Valley Bancorp Stock Performance

Shares of Oak Valley Bancorp stock opened at $25.77 on Friday. Oak Valley Bancorp has a one year low of $22.70 and a one year high of $32.24. The stock has a 50 day moving average price of $25.25 and a 200-day moving average price of $26.48. The stock has a market cap of $216.00 million, a price-to-earnings ratio of 8.53 and a beta of 0.44.

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

Insider Buying and Selling

In other news, Director H Randolph Holder, Jr. purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average cost of $24.83 per share, for a total transaction of $49,660.00. Following the completion of the transaction, the director now owns 152,176 shares of the company’s stock, valued at $3,778,530.08. This trade represents a 1.33% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders acquired 3,210 shares of company stock valued at $80,447 and sold 1,525 shares valued at $38,543. 18.08% of the stock is currently owned by corporate insiders.

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.

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.