Oak Valley Bancorp (CA) (NASDAQ:OVLY) Short Interest Up 79.7% in June

Oak Valley Bancorp (CA) (NASDAQ:OVLY) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 100,518 shares, a growth of 79.7% from the June 15th total of 55,927 shares. Based on an average daily trading volume, of 63,329 shares, the short-interest ratio is presently 1.6 days. Currently, 1.4% of the company’s stock are sold short.

Institutional Investors Weigh In On Oak Valley Bancorp

A number of large investors have recently bought and sold shares of OVLY. Kestra Advisory Services LLC acquired a new stake in Oak Valley Bancorp during the 4th quarter valued at approximately $42,000. BNP Paribas Financial Markets lifted its position in Oak Valley Bancorp by 123.4% during the third quarter. BNP Paribas Financial Markets now owns 2,708 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 1,496 shares during the period. JPMorgan Chase & Co. lifted its position in Oak Valley Bancorp by 23.6% during the third quarter. JPMorgan Chase & Co. now owns 5,997 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 1,145 shares during the period. Legato Capital Management LLC purchased a new stake in Oak Valley Bancorp in the fourth quarter valued at $207,000. Finally, Jane Street Group LLC purchased a new stake in Oak Valley Bancorp in the second quarter valued at $208,000. Hedge funds and other institutional investors own 30.86% of the company’s stock.

Oak Valley Bancorp Trading Down 2.7%

NASDAQ:OVLY opened at $33.47 on Friday. The company has a market capitalization of $281.48 million, a P/E ratio of 11.62 and a beta of 0.21. Oak Valley Bancorp has a 12 month low of $25.41 and a 12 month high of $35.97. The firm has a fifty day simple moving average of $33.64 and a 200-day simple moving average of $32.88.

Oak Valley Bancorp (NASDAQ:OVLY) last issued its quarterly earnings results on Tuesday, May 12th. The financial services provider reported $0.64 EPS for the quarter. The company had revenue of $20.78 million during the quarter. Oak Valley Bancorp had a return on equity of 11.99% and a net margin of 24.80%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Oak Valley Bancorp in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Oak Valley Bancorp Company Profile

Oak Valley Bancorp is the bank holding company for Oak Valley Community Bank, a California-chartered commercial bank headquartered in Lodi, California. Through its subsidiary, the company offers a full suite of banking services tailored to individuals, businesses, agricultural enterprises and nonprofit organizations. Its product portfolio includes checking and savings accounts, money market instruments, certificates of deposit and individual retirement accounts, alongside digital banking tools such as mobile and online banking platforms.

On the lending side, Oak Valley Bancorp provides commercial real estate and construction loans, agricultural and farm real estate financing, equipment leases, SBA-initiated programs and lines of credit.