Geode Capital Management LLC Has $4.13 Million Stake in Oak Valley Bancorp (NASDAQ:OVLY)

Geode Capital Management LLC grew its stake in shares of Oak Valley Bancorp (NASDAQ:OVLY) by 2.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 155,526 shares of the financial services provider’s stock after buying an additional 3,646 shares during the period. Geode Capital Management LLC owned approximately 1.86% of Oak Valley Bancorp worth $4,133,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OVLY. Barclays PLC increased its position in shares of Oak Valley Bancorp by 122.8% during the third quarter. Barclays PLC now owns 15,368 shares of the financial services provider’s stock valued at $408,000 after purchasing an additional 8,471 shares during the period. State Street Corp boosted its stake in Oak Valley Bancorp by 0.6% during the third quarter. State Street Corp now owns 86,390 shares of the financial services provider’s stock worth $2,295,000 after buying an additional 510 shares in the last quarter. Fourthstone LLC bought a new stake in Oak Valley Bancorp in the 3rd quarter valued at $295,000. FMR LLC raised its stake in shares of Oak Valley Bancorp by 0.4% in the 3rd quarter. FMR LLC now owns 217,128 shares of the financial services provider’s stock valued at $5,769,000 after buying an additional 842 shares in the last quarter. Finally, Seizert Capital Partners LLC bought a new position in shares of Oak Valley Bancorp during the 3rd quarter worth about $327,000. 30.86% of the stock is currently owned by institutional investors.

Oak Valley Bancorp Stock Performance

Shares of Oak Valley Bancorp stock opened at $27.50 on Monday. Oak Valley Bancorp has a twelve month low of $22.91 and a twelve month high of $32.24. The firm has a market cap of $229.87 million, a P/E ratio of 9.17 and a beta of 0.35. The firm’s 50-day simple moving average is $29.53 and its 200-day simple moving average is $27.16.

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

Oak Valley Bancorp 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.