Oak Valley Bancorp (NASDAQ:OVLY) Posts Quarterly Earnings Results

by · The Markets Daily

Oak Valley Bancorp (NASDAQ:OVLY – Get Free Report) released its earnings results on Wednesday. The financial services provider reported $0.77 earnings per share for the quarter, Zacks reports. Oak Valley Bancorp had a net margin of 24.05% and a return on equity of 11.31%.

Oak Valley Bancorp Stock Performance

Shares of OVLY stock traded down $0.36 during mid-day trading on Wednesday, reaching $33.24. The company’s stock had a trading volume of 11,780 shares, compared to its average volume of 29,993. The firm’s 50-day moving average is $34.15 and its two-hundred day moving average is $33.82. The company has a market cap of $279.55 million, a P/E ratio of 11.79 and a beta of 0.22. Oak Valley Bancorp has a 1-year low of $26.47 and a 1-year high of $35.97.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Oak Valley Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 14th. One research analyst has rated the stock with a Buy rating. According to MarketBeat.com, Oak Valley Bancorp presently has a consensus rating of “Buy”.

View Our Latest Report on Oak Valley Bancorp

Insider Activity

In other Oak Valley Bancorp news, Director Allison Lafferty purchased 1,307 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was purchased at an average price of $33.93 per share, with a total value of $44,346.51. Following the completion of the transaction, the director directly owned 10,000 shares of the company’s stock, valued at approximately $339,300. This trade represents a 15.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary Strong purchased 2,000 shares of the business’s stock in a transaction on Monday, July 27th. The shares were acquired at an average price of $32.50 per share, with a total value of $65,000.00. Following the purchase, the director owned 14,842 shares of the company’s stock, valued at approximately $482,365. This trade represents a 15.57% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 3,797 shares of company stock worth $126,084 and have sold 1,125 shares worth $37,808. 13.94% of the stock is currently owned by insiders.

Oak Valley Bancorp Company Profile

(Get Free Report)

Oak Valley Bancorp is a bank holding company headquartered in Oakdale, California. Through its subsidiary, Oak Valley Community Bank, the company provides banking services to individuals, families, farmers, and businesses in California’s Central Valley.

Oak Valley Community Bank offers deposit products, commercial and agricultural loans, commercial real estate financing, residential real estate loans, consumer lending, and small-business financing. Its services also include treasury management, online and mobile banking, cash management, and other business banking solutions.

Founded in 1991, Oak Valley Community Bank serves communities primarily in Stanislaus, San Joaquin, and Merced counties through branch locations and digital banking channels.

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