Oak Valley Bancorp (NASDAQ:OVLY) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Oak Valley Bancorp (CA) (NASDAQ:OVLY)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $29.71 and traded as high as $32.10. Oak Valley Bancorp shares last traded at $31.75, with a volume of 21,937 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Oak Valley Bancorp in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy”.

Oak Valley Bancorp Trading Up 0.4%

The stock has a market cap of $266.32 million, a PE ratio of 11.02 and a beta of 0.25. The business has a fifty day simple moving average of $32.19 and a two-hundred day simple moving average of $29.71.

Oak Valley Bancorp (NASDAQ:OVLY) last announced its earnings results on Monday, January 26th. The financial services provider reported $0.76 EPS for the quarter. Oak Valley Bancorp had a net margin of 25.28% and a return on equity of 12.64%. The firm had revenue of $21.28 million for the quarter.

Oak Valley Bancorp Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were issued a $0.375 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a dividend yield of 232.0%. Oak Valley Bancorp’s dividend payout ratio (DPR) is presently 26.04%.

Institutional Investors Weigh In On Oak Valley Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new stake in Oak Valley Bancorp in the 4th quarter valued at $42,000. BNP Paribas Financial Markets raised its holdings in shares of Oak Valley Bancorp by 123.4% in the third quarter. BNP Paribas Financial Markets now owns 2,708 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 1,496 shares in the last quarter. LSV Asset Management purchased a new stake in shares of Oak Valley Bancorp during the 2nd quarter valued at $79,000. CWM LLC boosted its position in shares of Oak Valley Bancorp by 43.9% in the 3rd quarter. CWM LLC now owns 3,280 shares of the financial services provider’s stock worth $92,000 after purchasing an additional 1,001 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Oak Valley Bancorp by 23.6% in the third quarter. JPMorgan Chase & Co. now owns 5,997 shares of the financial services provider’s stock valued at $169,000 after buying an additional 1,145 shares during the last quarter. 30.86% of the stock is owned by institutional investors.

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.