Oak Valley Bancorp (NASDAQ:OVLY) Announces Earnings Results

by · The Cerbat Gem

Oak Valley Bancorp (NASDAQ:OVLY – Get Free Report) posted its quarterly earnings data on Friday. The financial services provider reported $0.76 EPS for the quarter, Zacks reports. Oak Valley Bancorp had a return on equity of 12.56% and a net margin of 25.28%.

Oak Valley Bancorp Trading Down 1.3%

NASDAQ OVLY opened at $32.13 on Friday. The business’s 50-day moving average price is $29.66 and its 200 day moving average price is $28.45. Oak Valley Bancorp has a twelve month low of $22.70 and a twelve month high of $32.87. The company has a market capitalization of $269.57 million, a PE ratio of 11.27 and a beta of 0.26.

Insider Activity at Oak Valley Bancorp

In related news, Director Gary Strong bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The shares were acquired at an average cost of $27.50 per share, with a total value of $27,500.00. Following the completion of the transaction, the director owned 12,842 shares of the company’s stock, valued at approximately $353,155. The trade was a 8.44% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 1,125 shares of company stock worth $33,461. Corporate insiders own 18.08% of the company’s stock.

Hedge Funds Weigh In On Oak Valley Bancorp

Large investors have recently bought and sold shares of the stock. Millennium Management LLC grew its stake in shares of Oak Valley Bancorp by 36.4% during the 3rd quarter. Millennium Management LLC now owns 16,887 shares of the financial services provider’s stock valued at $476,000 after buying an additional 4,503 shares during the period. Citadel Advisors LLC boosted its holdings in Oak Valley Bancorp by 4.1% in the third quarter. Citadel Advisors LLC now owns 28,596 shares of the financial services provider’s stock valued at $806,000 after acquiring an additional 1,136 shares during the last quarter. Bank of America Corp DE grew its position in Oak Valley Bancorp by 27.4% during the third quarter. Bank of America Corp DE now owns 16,329 shares of the financial services provider’s stock valued at $460,000 after acquiring an additional 3,510 shares during the period. BNP Paribas Financial Markets increased its stake 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 worth $76,000 after acquiring an additional 1,496 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Oak Valley Bancorp by 7.3% in the 3rd quarter. Barclays PLC now owns 27,663 shares of the financial services provider’s stock worth $779,000 after purchasing an additional 1,874 shares during the period. Hedge funds and other institutional investors own 30.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated 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, Based on data from MarketBeat, Oak Valley Bancorp has a consensus rating of “Buy”.

Check Out Our Latest Stock Report on Oak Valley Bancorp

About Oak Valley Bancorp

(Get Free Report)

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.

Featured Articles