Oak Valley Bancorp (NASDAQ:OVLY) Director Acquires $27,170.00 in Stock

Oak Valley Bancorp (NASDAQ:OVLY) Director Gary Strong acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were purchased at an average price of $27.17 per share, with a total value of $27,170.00. Following the completion of the acquisition, the director now owns 11,842 shares in the company, valued at approximately $321,747.14. The trade was a 9.22 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Oak Valley Bancorp Price Performance

Shares of NASDAQ:OVLY opened at $26.38 on Friday. The business has a 50-day moving average of $29.51 and a two-hundred day moving average of $27.26. The firm has a market capitalization of $220.51 million, a PE ratio of 8.79 and a beta of 0.35. Oak Valley Bancorp has a 12 month low of $22.91 and a 12 month high of $32.24.

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

Institutional Trading of Oak Valley Bancorp

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its position in shares of Oak Valley Bancorp by 123.6% in the third quarter. JPMorgan Chase & Co. now owns 10,755 shares of the financial services provider’s stock worth $286,000 after buying an additional 5,945 shares during the period. Fourthstone LLC purchased a new position in Oak Valley Bancorp in the 3rd quarter worth approximately $295,000. Seizert Capital Partners LLC acquired a new stake in Oak Valley Bancorp in the third quarter valued at approximately $327,000. Barclays PLC raised its stake in shares of Oak Valley Bancorp by 122.8% during the third quarter. Barclays PLC now owns 15,368 shares of the financial services provider’s stock valued at $408,000 after purchasing an additional 8,471 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of 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 valued at $656,000 after purchasing an additional 3,124 shares during the period. 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.