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

Oak Valley Bancorp (CA) (NASDAQ:OVLY) Director Don Barton sold 375 shares of Oak Valley Bancorp stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $33.77, for a total value of $12,663.75. Following the transaction, the director directly owned 30,725 shares of the company’s stock, valued at $1,037,583.25. This trade represents a 1.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Oak Valley Bancorp Stock Performance

NASDAQ OVLY traded down $0.06 during trading hours on Tuesday, reaching $33.70. The company’s stock had a trading volume of 38,367 shares, compared to its average volume of 24,346. The company’s 50-day moving average is $33.16 and its two-hundred day moving average is $31.58. The stock has a market cap of $283.42 million, a PE ratio of 11.70 and a beta of 0.21. Oak Valley Bancorp has a fifty-two week low of $24.77 and a fifty-two week high of $35.47.

Oak Valley Bancorp (NASDAQ:OVLY) last issued its quarterly earnings data on Tuesday, May 12th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter. The firm 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%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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 MarketBeat.com, Oak Valley Bancorp currently has a consensus rating of “Buy”.

Hedge Funds Weigh In On Oak Valley Bancorp

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its holdings in shares of Oak Valley Bancorp by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 161,422 shares of the financial services provider’s stock valued at $4,398,000 after purchasing an additional 2,592 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Oak Valley Bancorp by 59.4% in the 2nd quarter. Rhumbline Advisers now owns 10,401 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 3,875 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Oak Valley Bancorp by 20.9% in the 2nd quarter. Hsbc Holdings PLC now owns 15,037 shares of the financial services provider’s stock valued at $409,000 after purchasing an additional 2,603 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Oak Valley Bancorp during the 2nd quarter worth about $208,000. Finally, LSV Asset Management increased its position in Oak Valley Bancorp by 147.7% during the 3rd quarter. LSV Asset Management now owns 7,224 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 4,307 shares in the last quarter. Hedge funds and other institutional investors own 30.86% of the company’s stock.

Oak Valley Bancorp Company Profile

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.