Empowered Funds LLC Buys 1,876 Shares of Oak Valley Bancorp (NASDAQ:OVLY)

Empowered Funds LLC boosted its stake in shares of Oak Valley Bancorp (NASDAQ:OVLY) by 5.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,004 shares of the financial services provider’s stock after purchasing an additional 1,876 shares during the quarter. Empowered Funds LLC owned about 0.45% of Oak Valley Bancorp worth $1,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes 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 boosted its holdings 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 worth $2,384,000 after acquiring an additional 7,176 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in 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 worth $9,338,000 after acquiring an additional 6,782 shares in the last quarter. Institutional investors and hedge funds own 30.86% of the company’s stock.

Analyst Ratings Changes

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

Oak Valley Bancorp Stock Up 1.8 %

Shares of NASDAQ:OVLY opened at $30.71 on Friday. Oak Valley Bancorp has a 52-week low of $22.91 and a 52-week high of $30.81. The stock has a market cap of $256.74 million, a price-to-earnings ratio of 10.24 and a beta of 0.32. The business has a 50-day moving average price of $27.45 and a 200-day moving average price of $25.85.

Oak Valley Bancorp (NASDAQ:OVLY) last announced its quarterly earnings data 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 during the quarter.

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.