Oak Valley Bancorp (NASDAQ:OVLY) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Oak Valley Bancorp (NASDAQ:OVLY)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.17 and traded as low as $23.64. Oak Valley Bancorp shares last traded at $24.10, with a volume of 7,825 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Oak Valley Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, April 8th.

Oak Valley Bancorp Price Performance

The firm has a market capitalization of $201.40 million, a PE ratio of 7.98 and a beta of 0.28. The business has a 50-day simple moving average of $25.58 and a 200-day simple moving average of $27.17.

Oak Valley Bancorp (NASDAQ:OVLY) last released its earnings results 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 company also recently announced a semi-annual dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a dividend yield of 1.7%. This is an increase from Oak Valley Bancorp’s previous semi-annual dividend of $0.23. Oak Valley Bancorp’s dividend payout ratio is currently 19.87%.

Insider Buying and Selling

In other Oak Valley Bancorp news, Director H Randolph Holder, Jr. purchased 2,393 shares of Oak Valley Bancorp stock in a transaction dated Monday, February 10th. The shares were purchased at an average cost of $25.00 per share, for a total transaction of $59,825.00. Following the completion of the acquisition, the director now owns 150,026 shares in the company, valued at $3,750,650. This represents a 1.62 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders bought 9,202 shares of company stock valued at $237,207 and sold 990 shares valued at $25,026. 19.26% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Oak Valley Bancorp

Several hedge funds have recently bought and sold shares of OVLY. Tower Research Capital LLC TRC lifted its position in shares of Oak Valley Bancorp by 190.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,506 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 987 shares during the last quarter. Deutsche Bank AG purchased a new position in Oak Valley Bancorp in the 4th quarter worth about $59,000. Sierra Ocean LLC bought a new stake in Oak Valley Bancorp during the 4th quarter valued at about $163,000. Legato Capital Management LLC purchased a new stake in Oak Valley Bancorp in the 4th quarter valued at about $212,000. Finally, Wells Fargo & Company MN grew its stake in Oak Valley Bancorp by 12.2% in the 4th quarter. Wells Fargo & Company MN now owns 8,000 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 872 shares in the last quarter. 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.