Oak Valley Bancorp (NASDAQ:OVLY) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Oak Valley Bancorp (NASDAQ:OVLY) shares 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 trading hands.

Analysts Set New Price Targets

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

Oak Valley Bancorp Price Performance

The company has a market cap of $205.55 million, a PE ratio of 8.14 and a beta of 0.28. The stock’s 50-day moving average is $26.06 and its 200 day moving average is $27.41.

Oak Valley Bancorp (NASDAQ:OVLY) last issued its quarterly earnings data on Friday, January 24th. The financial services provider reported $0.73 EPS 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 declared 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 represents a yield of 1.7%. The ex-dividend date was Monday, February 3rd. This is an increase from Oak Valley Bancorp’s previous semi-annual dividend of $0.23. Oak Valley Bancorp’s dividend payout ratio (DPR) is currently 19.87%.

Insider Transactions at Oak Valley Bancorp

In other news, Director H Randolph Holder, Jr. purchased 6,000 shares of the company’s stock in a transaction on Wednesday, January 29th. The shares were acquired at an average price of $25.97 per share, for a total transaction of $155,820.00. Following the purchase, the director now owns 147,633 shares in the company, valued at $3,834,029.01. This trade represents a 4.24 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary Strong acquired 1,000 shares of Oak Valley Bancorp stock in a transaction dated Wednesday, January 8th. The stock was purchased at an average price of $27.17 per share, with a total value of $27,170.00. Following the completion of the purchase, the director now owns 11,842 shares of the company’s stock, valued at approximately $321,747.14. The trade was a 9.22 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 9,924 shares of company stock worth $256,577. Insiders own 19.26% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. State Street Corp grew its position in Oak Valley Bancorp by 0.6% during the 3rd quarter. State Street Corp now owns 86,390 shares of the financial services provider’s stock worth $2,295,000 after purchasing an additional 510 shares during the period. Hsbc Holdings PLC boosted its stake in shares of Oak Valley Bancorp by 9.4% in the fourth quarter. Hsbc Holdings PLC now owns 9,330 shares of the financial services provider’s stock worth $281,000 after buying an additional 803 shares during the last quarter. FMR LLC grew its holdings in 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 acquiring an additional 842 shares during the period. Wells Fargo & Company MN raised its position in Oak Valley Bancorp by 12.2% during the fourth quarter. Wells Fargo & Company MN now owns 8,000 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 872 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in Oak Valley Bancorp by 190.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,506 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 987 shares during the period. Hedge funds and other institutional investors own 30.86% of the company’s stock.

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.