Oak Valley Bancorp (NASDAQ:OVLY) Shares Bought by Fmr LLC

Fmr LLC increased its holdings in Oak Valley Bancorp (NASDAQ:OVLY) by 0.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 217,128 shares of the financial services provider’s stock after purchasing an additional 842 shares during the quarter. Fmr LLC owned 2.60% of Oak Valley Bancorp worth $5,769,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in OVLY. Vanguard Group Inc. boosted its holdings in shares of Oak Valley Bancorp by 1.8% in the first quarter. Vanguard Group Inc. now owns 376,840 shares of the financial services provider’s stock valued at $9,338,000 after acquiring an additional 6,782 shares during the period. Dimensional Fund Advisors LP raised its stake in 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 purchasing an additional 7,176 shares during the period. Empowered Funds LLC lifted its position in Oak Valley Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 38,004 shares of the financial services provider’s stock valued at $1,010,000 after buying an additional 1,876 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Oak Valley Bancorp by 13.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 26,289 shares of the financial services provider’s stock valued at $656,000 after buying an additional 3,124 shares during the period. Finally, Seizert Capital Partners LLC acquired a new stake in shares of Oak Valley Bancorp during the third quarter valued at about $327,000. 30.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Oak Valley Bancorp Trading Down 2.5 %

OVLY stock opened at $30.70 on Friday. The stock has a 50-day moving average price of $28.75 and a two-hundred day moving average price of $26.53. Oak Valley Bancorp has a 1 year low of $22.91 and a 1 year high of $32.24. The stock has a market cap of $256.62 million, a PE ratio of 10.23 and a beta of 0.34.

Oak Valley Bancorp (NASDAQ:OVLY) last issued its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.89 EPS for the quarter. The business had revenue of $19.50 million for the quarter. Oak Valley Bancorp had a net margin of 28.03% and a return on equity of 14.38%.

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.