Oak Valley Bancorp (NASDAQ:OVLY) Stock Price Crosses Below 200-Day Moving Average of $25.02

Shares of Oak Valley Bancorp (NASDAQ:OVLY) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $25.02 and traded as low as $23.47. Oak Valley Bancorp shares last traded at $23.92, with a volume of 2,139 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Oak Valley Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, June 19th.

Oak Valley Bancorp Stock Down 0.7 %

The company has a 50-day moving average price of $23.95 and a two-hundred day moving average price of $25.02. The company has a market capitalization of $199.97 million, a PE ratio of 7.23 and a beta of 0.35.

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

Institutional Trading of Oak Valley Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of Oak Valley Bancorp during the 4th quarter valued at $110,000. BNP Paribas Financial Markets boosted its stake in Oak Valley Bancorp by 68.4% during the fourth 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 boosted its stake in Oak Valley Bancorp by 7.9% during the first quarter. Empowered Funds LLC now owns 33,608 shares of the financial services provider’s stock valued at $833,000 after buying an additional 2,450 shares during the period. FMR LLC grew its position in Oak Valley Bancorp by 2.0% during the third quarter. FMR LLC now owns 214,083 shares of the financial services provider’s stock worth $5,369,000 after buying an additional 4,213 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Oak Valley Bancorp by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 376,840 shares of the financial services provider’s stock worth $9,338,000 after acquiring an additional 6,782 shares during the last quarter. Institutional investors own 30.86% of the company’s stock.

Oak Valley Bancorp Company Profile

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.