State Street Corp Buys 510 Shares of Oak Valley Bancorp (NASDAQ:OVLY)

State Street Corp raised its stake in Oak Valley Bancorp (NASDAQ:OVLY) by 0.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 86,390 shares of the financial services provider’s stock after acquiring an additional 510 shares during the period. State Street Corp owned about 1.03% of Oak Valley Bancorp worth $2,295,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its stake in shares of Oak Valley Bancorp by 13.5% in 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 purchasing an additional 3,124 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Oak Valley Bancorp by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 95,508 shares of the financial services provider’s stock valued at $2,384,000 after buying an additional 7,176 shares in the last quarter. Empowered Funds LLC grew its stake 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 worth $1,010,000 after buying an additional 1,876 shares during the last quarter. Seizert Capital Partners LLC acquired a new stake in shares of Oak Valley Bancorp during the third quarter worth approximately $327,000. Finally, FMR LLC increased its holdings in shares of Oak Valley Bancorp by 0.4% during the third quarter. FMR LLC now owns 217,128 shares of the financial services provider’s stock worth $5,769,000 after buying an additional 842 shares in the last quarter. 30.86% of the stock is currently owned by institutional investors and hedge funds.

Oak Valley Bancorp Price Performance

Shares of OVLY opened at $29.25 on Wednesday. The company has a market capitalization of $244.50 million, a P/E ratio of 9.75 and a beta of 0.34. Oak Valley Bancorp has a one year low of $22.91 and a one year high of $32.24. The business’s 50 day simple moving average is $29.40 and its 200-day simple moving average is $27.02.

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

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.