Renaissance Technologies LLC Has $862,000 Position in Oak Valley Bancorp (NASDAQ:OVLY)

Renaissance Technologies LLC reduced its stake in Oak Valley Bancorp (NASDAQ:OVLY) by 13.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 34,516 shares of the financial services provider’s stock after selling 5,357 shares during the quarter. Renaissance Technologies LLC owned approximately 0.41% of Oak Valley Bancorp worth $862,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its holdings in shares of Oak Valley Bancorp by 44.4% during the first quarter. BNP Paribas Financial Markets now owns 16,412 shares of the financial services provider’s stock worth $407,000 after buying an additional 5,048 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Oak Valley Bancorp by 13.5% during the second quarter. Bank of New York Mellon Corp now owns 26,289 shares of the financial services provider’s stock worth $656,000 after buying an additional 3,124 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of 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 worth $833,000 after buying an additional 2,450 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Oak Valley Bancorp by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 95,508 shares of the financial services provider’s stock worth $2,384,000 after buying an additional 7,176 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Oak Valley Bancorp by 1.8% during the first quarter. Vanguard Group Inc. now owns 376,840 shares of the financial services provider’s stock worth $9,338,000 after buying an additional 6,782 shares during the last quarter. 30.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Oak Valley Bancorp

In related news, Director Daniel J. Leonard purchased 1,000 shares of the stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $25.50 per share, for a total transaction of $25,500.00. Following the completion of the transaction, the director now directly owns 60,223 shares of the company’s stock, valued at approximately $1,535,686.50. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 19.26% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Oak Valley Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 17th.

Oak Valley Bancorp Trading Down 0.8 %

Shares of NASDAQ OVLY opened at $25.73 on Tuesday. The business has a fifty day simple moving average of $26.10 and a 200 day simple moving average of $24.93. The firm has a market capitalization of $215.10 million, a price-to-earnings ratio of 7.77 and a beta of 0.32. Oak Valley Bancorp has a one year low of $22.91 and a one year high of $30.70.

Oak Valley Bancorp (NASDAQ:OVLY) last issued its earnings results on Thursday, July 18th. The financial services provider reported $0.71 EPS for the quarter. The business had revenue of $19.05 million during the quarter. Oak Valley Bancorp had a return on equity of 15.52% and a net margin of 28.41%.

Oak Valley Bancorp Announces Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Friday, August 9th. Investors of record on Monday, July 29th were paid a $0.225 dividend. The ex-dividend date of this dividend was Monday, July 29th. This represents a dividend yield of 1.7%. Oak Valley Bancorp’s payout ratio is 13.60%.

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.