Oak Valley Bancorp (NASDAQ:OVLY) Stock Passes Below Two Hundred Day Moving Average of $25.33

Oak Valley Bancorp (NASDAQ:OVLY) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.33 and traded as low as $23.20. Oak Valley Bancorp shares last traded at $23.35, with a volume of 10,743 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Oak Valley Bancorp from a “sell” rating to a “hold” rating in a report on Monday, June 10th.

Oak Valley Bancorp Stock Up 0.6 %

The company’s fifty day simple moving average is $23.94 and its two-hundred day simple moving average is $25.33. The company has a market capitalization of $195.21 million, a price-to-earnings ratio of 7.05 and a beta of 0.35.

Oak Valley Bancorp (NASDAQ:OVLY) last released its earnings results on Friday, April 19th. The financial services provider reported $0.69 earnings per share for the quarter. The business had revenue of $18.76 million during the quarter. Oak Valley Bancorp had a net margin of 31.38% and a return on equity of 17.78%.

Institutional Trading of Oak Valley Bancorp

Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Oak Valley Bancorp during the 4th quarter worth about $110,000. BNP Paribas Financial Markets increased its holdings in Oak Valley Bancorp by 68.4% in the 4th quarter. BNP Paribas Financial Markets now owns 11,364 shares of the financial services provider’s stock valued at $340,000 after buying an additional 4,616 shares during the period. Empowered Funds LLC grew its holdings in shares of Oak Valley Bancorp by 7.9% during the 1st quarter. Empowered Funds LLC now owns 33,608 shares of the financial services provider’s stock valued at $833,000 after purchasing an additional 2,450 shares during the last quarter. FMR LLC grew its holdings in shares of Oak Valley Bancorp by 2.0% during the 3rd quarter. FMR LLC now owns 214,083 shares of the financial services provider’s stock valued at $5,369,000 after purchasing an additional 4,213 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Oak Valley Bancorp by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 376,840 shares of the financial services provider’s stock valued at $9,338,000 after purchasing an additional 6,782 shares during the last quarter. Institutional investors and hedge funds own 30.86% of the company’s stock.

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.