Oak Valley Bancorp (NASDAQ:OVLY) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of Oak Valley Bancorp (NASDAQ:OVLY) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.41 and traded as low as $24.50. Oak Valley Bancorp shares last traded at $24.59, with a volume of 3,513 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Oak Valley Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, March 18th.

Oak Valley Bancorp Stock Down 0.3 %

The firm has a market cap of $211.06 million, a P/E ratio of 8.36 and a beta of 0.28. The business’s 50 day moving average is $26.02 and its two-hundred day moving average is $27.38.

Oak Valley Bancorp (NASDAQ:OVLY) last posted its quarterly earnings data on Friday, January 24th. The financial services provider reported $0.73 earnings per share for the quarter. Oak Valley Bancorp had a return on equity of 14.28% and a net margin of 28.03%.

Oak Valley Bancorp Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a $0.30 dividend. This is an increase from Oak Valley Bancorp’s previous semi-annual dividend of $0.23. This represents a yield of 1.7%. The ex-dividend date was Monday, February 3rd. Oak Valley Bancorp’s payout ratio is presently 19.87%.

Insiders Place Their Bets

In other news, Director Gary Strong bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was acquired at an average cost of $27.17 per share, with a total value of $27,170.00. Following the transaction, the director now directly owns 11,842 shares of the company’s stock, valued at approximately $321,747.14. This represents a 9.22 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director H Randolph Holder, Jr. purchased 2,393 shares of the business’s stock in a transaction on Monday, February 10th. The stock was purchased at an average price of $25.00 per share, for a total transaction of $59,825.00. Following the acquisition, the director now owns 150,026 shares of the company’s stock, valued at approximately $3,750,650. This represents a 1.62 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 9,924 shares of company stock worth $256,577. Corporate insiders own 19.26% of the company’s stock.

Hedge Funds Weigh In On Oak Valley Bancorp

A number of institutional investors have recently modified their holdings of OVLY. FMR LLC grew its position in 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 purchasing an additional 842 shares during the period. Geode Capital Management LLC grew its holdings in shares of Oak Valley Bancorp by 2.4% during the third quarter. Geode Capital Management LLC now owns 155,526 shares of the financial services provider’s stock valued at $4,133,000 after buying an additional 3,646 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Oak Valley Bancorp by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 108,971 shares of the financial services provider’s stock worth $3,188,000 after acquiring an additional 1,499 shares in the last quarter. State Street Corp raised its holdings in shares of Oak Valley Bancorp by 0.6% in the 3rd quarter. State Street Corp now owns 86,390 shares of the financial services provider’s stock worth $2,295,000 after acquiring an additional 510 shares during the last quarter. Finally, Valmark Advisers Inc. bought a new position in Oak Valley Bancorp in the 4th quarter valued at about $1,726,000. 30.86% of the stock is owned by institutional investors and hedge funds.

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.