Insider Buying: Oak Valley Bancorp (NASDAQ:OVLY) Director Purchases $13,926.72 in Stock

Oak Valley Bancorp (CA) (NASDAQ:OVLY) Director Allison Lafferty purchased 489 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were purchased at an average cost of $28.48 per share, for a total transaction of $13,926.72. Following the completion of the transaction, the director directly owned 7,920 shares of the company’s stock, valued at $225,561.60. This represents a 6.58% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Oak Valley Bancorp Stock Performance

Shares of OVLY stock opened at $28.01 on Friday. The company has a market capitalization of $234.95 million, a price-to-earnings ratio of 9.83 and a beta of 0.45. Oak Valley Bancorp has a 52-week low of $22.70 and a 52-week high of $32.24. The company has a 50-day simple moving average of $27.68 and a two-hundred day simple moving average of $27.38.

Oak Valley Bancorp (NASDAQ:OVLY) last announced its earnings results on Thursday, November 13th. The financial services provider reported $0.81 earnings per share for the quarter. The firm had revenue of $21.17 million for the quarter. Oak Valley Bancorp had a return on equity of 12.80% and a net margin of 26.38%.

Institutional Investors Weigh In On Oak Valley Bancorp

Several large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its holdings 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 valued at $76,000 after purchasing an additional 1,496 shares during the last quarter. LSV Asset Management bought a new stake in shares of Oak Valley Bancorp in the second quarter valued at approximately $79,000. Deutsche Bank AG lifted its stake in shares of Oak Valley Bancorp by 80.1% during the 1st quarter. Deutsche Bank AG now owns 3,657 shares of the financial services provider’s stock valued at $91,000 after buying an additional 1,627 shares in the last quarter. CWM LLC boosted its holdings in 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 buying an additional 1,001 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Oak Valley Bancorp by 23.6% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 30.86% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Oak Valley Bancorp in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Oak Valley Bancorp currently has a consensus rating of “Buy”.

About Oak Valley Bancorp

Oak Valley Bancorp operates as the bank holding company for Oak Valley Community Bank that provides a range of commercial banking services to individuals and small to medium-sized businesses in the Central Valley and the Eastern Sierras. The company's deposits products include checking and savings, money market, health savings, and individual retirement accounts, as well as certificates of deposit.