Oak Valley Bancorp (NASDAQ:OVLY) saw a large drop in short interest in January. As of January 31st, there was short interest totalling 44,500 shares, a drop of 13.8% from the January 15th total of 51,600 shares. Based on an average trading volume of 7,200 shares, the short-interest ratio is presently 6.2 days. Currently, 0.7% of the company’s stock are sold short.

In related news, Director H Randolph Holder, Jr. acquired 2,000 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was bought at an average cost of $17.98 per share, with a total value of $35,960.00. 17.36% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OVLY. CWM LLC purchased a new position in shares of Oak Valley Bancorp in the fourth quarter worth approximately $34,000. Barclays PLC increased its position in shares of Oak Valley Bancorp by 101.5% in the fourth quarter. Barclays PLC now owns 6,952 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 3,502 shares in the last quarter. UBS Group AG increased its position in shares of Oak Valley Bancorp by 61.2% in the fourth quarter. UBS Group AG now owns 8,481 shares of the financial services provider’s stock worth $165,000 after acquiring an additional 3,221 shares in the last quarter. Rhumbline Advisers purchased a new position in shares of Oak Valley Bancorp in the third quarter worth approximately $173,000. Finally, Panagora Asset Management Inc. increased its position in shares of Oak Valley Bancorp by 89.9% in the fourth quarter. Panagora Asset Management Inc. now owns 10,659 shares of the financial services provider’s stock worth $207,000 after acquiring an additional 5,046 shares in the last quarter. Institutional investors and hedge funds own 20.66% of the company’s stock.

Shares of NASDAQ OVLY traded up $0.08 during midday trading on Friday, hitting $17.54. The company’s stock had a trading volume of 8,704 shares, compared to its average volume of 6,403. Oak Valley Bancorp has a 1-year low of $15.60 and a 1-year high of $19.95. The firm’s fifty day moving average price is $18.75 and its 200-day moving average price is $17.80. The firm has a market cap of $144.02 million, a P/E ratio of 11.39 and a beta of 0.54.

Oak Valley Bancorp (NASDAQ:OVLY) last issued its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.39 earnings per share for the quarter. The firm had revenue of $11.60 million for the quarter. Oak Valley Bancorp had a net margin of 25.79% and a return on equity of 11.78%.

The firm also recently announced a semi-annual dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a $0.14 dividend. This is an increase from Oak Valley Bancorp’s previous semi-annual dividend of $0.12. This represents a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, January 31st.

Oak Valley Bancorp Company Profile

Oak Valley Bancorp operates as the bank holding company for Oak Valley Community Bank that provides banking products and services to individuals and small and medium sized businesses in Oakdale, California, and surrounding areas. The company accepts various deposits products, such as checking and savings, money market, health savings, and individual retirement accounts, as well as certificates of deposit.

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