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

by · The Markets Daily

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

Oak Valley Bancorp Stock Down 1.3%

NASDAQ:OVLY traded down $0.42 during trading hours on Friday, reaching $32.13. 13,960 shares of the company’s stock were exchanged, compared to its average volume of 13,284. Oak Valley Bancorp has a 1-year low of $22.70 and a 1-year high of $32.87. The firm has a market capitalization of $269.51 million, a price-to-earnings ratio of 11.27 and a beta of 0.26. The company has a 50-day moving average of $29.59 and a 200 day moving average of $28.42.

Wall Street Analysts Forecast Growth

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

Read Our Latest Report on Oak Valley Bancorp

Insider Activity at Oak Valley Bancorp

In other Oak Valley Bancorp news, Director Gary Strong bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The stock was acquired at an average price of $27.50 per share, for a total transaction of $27,500.00. Following the completion of the purchase, the director owned 12,842 shares of the company’s stock, valued at approximately $353,155. This represents a 8.44% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 1,125 shares of company stock valued at $33,461 over the last three months. 18.08% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Oak Valley Bancorp

Several institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its position in Oak Valley Bancorp by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 161,422 shares of the financial services provider’s stock worth $4,398,000 after purchasing an additional 2,592 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Oak Valley Bancorp by 3.7% in the third quarter. Dimensional Fund Advisors LP now owns 133,851 shares of the financial services provider’s stock valued at $3,771,000 after buying an additional 4,731 shares in the last quarter. Citadel Advisors LLC boosted its stake in shares of 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 buying an additional 1,136 shares in the last quarter. Barclays PLC grew its holdings in Oak Valley Bancorp by 7.3% during the third quarter. Barclays PLC now owns 27,663 shares of the financial services provider’s stock worth $779,000 after acquiring an additional 1,874 shares during the period. Finally, Millennium Management LLC raised its position in Oak Valley Bancorp by 36.4% in the third quarter. Millennium Management LLC now owns 16,887 shares of the financial services provider’s stock worth $476,000 after acquiring an additional 4,503 shares in the last quarter. Institutional investors and hedge funds own 30.86% of the company’s stock.

Oak Valley Bancorp Company Profile

(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.

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