Oak Valley Bancorp (NASDAQ:OVLY) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Oak Valley Bancorp (CA) (NASDAQ:OVLY) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $31.30 and traded as high as $33.22. Oak Valley Bancorp shares last traded at $32.78, with a volume of 18,842 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Oak Valley Bancorp in a report on Friday, April 10th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Oak Valley Bancorp currently has a consensus rating of “Buy”.

Oak Valley Bancorp Stock Performance

The company has a market capitalization of $275.68 million, a price-to-earnings ratio of 11.38 and a beta of 0.21. The firm has a 50-day simple moving average of $33.01 and a two-hundred day simple moving average of $31.30.

Oak Valley Bancorp (NASDAQ:OVLY) last released its 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%.

Hedge Funds Weigh In On Oak Valley Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in OVLY. Renaissance Technologies LLC lifted its stake in Oak Valley Bancorp by 42.8% during the first quarter. Renaissance Technologies LLC now owns 35,375 shares of the financial services provider’s stock worth $1,147,000 after purchasing an additional 10,602 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Oak Valley Bancorp by 11.2% during the first quarter. Dimensional Fund Advisors LP now owns 158,145 shares of the financial services provider’s stock worth $5,128,000 after purchasing an additional 15,865 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in Oak Valley Bancorp by 1,578.7% during the first quarter. Kestra Advisory Services LLC now owns 23,519 shares of the financial services provider’s stock worth $763,000 after purchasing an additional 22,118 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Oak Valley Bancorp by 10.0% during the fourth quarter. Hsbc Holdings PLC now owns 23,513 shares of the financial services provider’s stock worth $716,000 after purchasing an additional 2,138 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Oak Valley Bancorp by 9.0% during the fourth quarter. AQR Capital Management LLC now owns 19,063 shares of the financial services provider’s stock worth $573,000 after purchasing an additional 1,582 shares during the last quarter. 30.86% of the stock is owned by institutional investors and hedge funds.

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.