Oak Valley Bancorp (NASDAQ:OVLY) Director Don Barton Sells 375 Shares

Oak Valley Bancorp (CA) (NASDAQ:OVLY) Director Don Barton sold 375 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $33.77, for a total transaction of $12,663.75. Following the completion of the transaction, the director owned 30,725 shares in the company, valued at approximately $1,037,583.25. This trade represents a 1.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Oak Valley Bancorp Trading Down 0.2%

NASDAQ OVLY traded down $0.06 on Tuesday, hitting $33.70. 38,367 shares of the company’s stock traded hands, compared to its average volume of 24,346. The firm’s 50-day moving average price is $33.16 and its two-hundred day moving average price is $31.58. The firm has a market capitalization of $283.42 million, a PE ratio of 11.70 and a beta of 0.21. Oak Valley Bancorp has a 1-year low of $24.77 and a 1-year high of $35.47.

Oak Valley Bancorp (NASDAQ:OVLY) last announced its quarterly earnings results on Tuesday, May 12th. The financial services provider reported $0.64 earnings per share for the quarter. The company had revenue of $20.78 million during the quarter. Oak Valley Bancorp had a return on equity of 11.99% and a net margin of 24.80%.

Institutional Trading of Oak Valley Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in OVLY. Wells Fargo & Company MN increased its position in Oak Valley Bancorp by 26.2% in the 4th quarter. Wells Fargo & Company MN now owns 11,667 shares of the financial services provider’s stock valued at $351,000 after acquiring an additional 2,423 shares during the period. Rhumbline Advisers increased its stake in shares of Oak Valley Bancorp by 59.4% during the second quarter. Rhumbline Advisers now owns 10,401 shares of the financial services provider’s stock worth $283,000 after acquiring an additional 3,875 shares during the period. Jane Street Group LLC acquired a new stake in Oak Valley Bancorp in the second quarter valued at about $208,000. JPMorgan Chase & Co. raised its stake in shares of Oak Valley Bancorp by 23.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,997 shares of the financial services provider’s stock worth $169,000 after buying an additional 1,145 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Oak Valley Bancorp by 123.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,708 shares of the financial services provider’s stock valued at $76,000 after buying an additional 1,496 shares during the period. Institutional investors and hedge funds 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 report on Friday, April 10th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

About Oak Valley Bancorp

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.