Oak Valley Bancorp (NASDAQ:OVLY) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Oak Valley Bancorp (NASDAQ:OVLYGet Rating) in a report published on Monday morning. The firm issued a hold rating on the financial services provider’s stock.

Oak Valley Bancorp Stock Down 0.3 %

Shares of OVLY opened at $19.50 on Monday. The firm has a 50-day moving average price of $18.78 and a 200 day moving average price of $18.09. The firm has a market capitalization of $160.88 million, a PE ratio of 9.47 and a beta of 0.37. Oak Valley Bancorp has a 52-week low of $16.52 and a 52-week high of $20.60.

Oak Valley Bancorp (NASDAQ:OVLYGet Rating) last posted its quarterly earnings data on Thursday, October 20th. The financial services provider reported $0.83 earnings per share for the quarter. Oak Valley Bancorp had a net margin of 28.65% and a return on equity of 13.54%. The company had revenue of $18.38 million during the quarter.

Hedge Funds Weigh In On Oak Valley Bancorp

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Oak Valley Bancorp by 3.3% during the first quarter. Vanguard Group Inc. now owns 243,536 shares of the financial services provider’s stock valued at $4,493,000 after purchasing an additional 7,730 shares during the last quarter. Strategic Value Bank Partners LLC lifted its position in Oak Valley Bancorp by 10.2% in the first quarter. Strategic Value Bank Partners LLC now owns 136,942 shares of the financial services provider’s stock worth $2,527,000 after purchasing an additional 12,699 shares during the period. BHZ Capital Management LP lifted its position in Oak Valley Bancorp by 3.3% in the first quarter. BHZ Capital Management LP now owns 43,238 shares of the financial services provider’s stock worth $798,000 after purchasing an additional 1,400 shares during the period. State Street Corp lifted its position in Oak Valley Bancorp by 12.8% in the first quarter. State Street Corp now owns 17,388 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 1,970 shares during the period. Finally, UBS Group AG lifted its position in Oak Valley Bancorp by 8.5% in the first quarter. UBS Group AG now owns 7,956 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 624 shares during the period. Institutional investors and hedge funds own 25.20% of the company’s stock.

Oak Valley Bancorp Company Profile

(Get Rating)

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.

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