Short Interest in Oak Valley Bancorp (NASDAQ:OVLY) Decreases By 15.4%

Oak Valley Bancorp (NASDAQ:OVLY) saw a large drop in short interest in December. As of December 31st, there was short interest totalling 28,000 shares, a drop of 15.4% from the December 15th total of 33,100 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 10,800 shares, the short-interest ratio is presently 2.6 days.

Oak Valley Bancorp Price Performance

Shares of Oak Valley Bancorp stock opened at $26.14 on Friday. The business’s 50 day simple moving average is $29.35 and its two-hundred day simple moving average is $27.30. The stock has a market capitalization of $218.53 million, a P/E ratio of 8.71 and a beta of 0.35. Oak Valley Bancorp has a one year low of $22.91 and a one year high of $32.24.

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

Insider Activity at Oak Valley Bancorp

In related news, Director Gary Strong purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were acquired at an average cost of $27.17 per share, with a total value of $27,170.00. Following the purchase, the director now directly owns 11,842 shares of the company’s stock, valued at approximately $321,747.14. This trade represents a 9.22 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 19.26% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Oak Valley Bancorp

Several hedge funds have recently made changes to their positions in OVLY. Bank of New York Mellon Corp boosted its holdings in Oak Valley Bancorp by 13.5% in 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 acquiring an additional 3,124 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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 worth $2,384,000 after purchasing an additional 7,176 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Oak Valley Bancorp by 5.2% in the third quarter. Empowered Funds LLC now owns 38,004 shares of the financial services provider’s stock worth $1,010,000 after purchasing an additional 1,876 shares during the last quarter. Seizert Capital Partners LLC purchased a new position in shares of Oak Valley Bancorp in the third quarter worth $327,000. Finally, FMR LLC raised its stake in shares of Oak Valley Bancorp by 0.4% in the third quarter. FMR LLC now owns 217,128 shares of the financial services provider’s stock worth $5,769,000 after purchasing an additional 842 shares during the last quarter. 30.86% of the stock is owned by hedge funds and other institutional investors.

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.