Oak Valley Bancorp (NASDAQ:OVLY) Stock Passes 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 $27.51 and traded as low as $26.60. Oak Valley Bancorp shares last traded at $26.64, with a volume of 15,349 shares traded.

Analyst Ratings Changes

Separately, StockNews.com cut Oak Valley Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 11th.

Oak Valley Bancorp Stock Performance

The firm has a market cap of $222.68 million, a price-to-earnings ratio of 8.82 and a beta of 0.33. The business has a fifty day moving average of $27.21 and a two-hundred day moving average of $27.51.

Oak Valley Bancorp (NASDAQ:OVLY) last released its quarterly 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 business also recently announced a semi-annual dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.30 per share. This represents a yield of 1.7%. The ex-dividend date was Monday, February 3rd. This is a boost from Oak Valley Bancorp’s previous semi-annual dividend of $0.23. Oak Valley Bancorp’s dividend payout ratio is 19.87%.

Insider Buying and Selling at Oak Valley Bancorp

In related news, Director Gary Strong bought 1,000 shares of the stock in a transaction on Wednesday, January 8th. The shares were purchased at an average price of $27.17 per share, for a total transaction of $27,170.00. Following the acquisition, the director now owns 11,842 shares in the company, valued at $321,747.14. This represents a 9.22 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director H Randolph Holder, Jr. bought 6,000 shares of the stock in a transaction on Wednesday, January 29th. The shares were bought at an average price of $25.97 per share, for a total transaction of $155,820.00. Following the acquisition, the director now owns 147,633 shares in the company, valued at $3,834,029.01. The trade was a 4.24 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 9,924 shares of company stock worth $256,577. 19.26% of the stock is owned by insiders.

Institutional Investors Weigh In On Oak Valley Bancorp

Several hedge funds have recently made changes to their positions in OVLY. Empowered Funds LLC boosted its holdings in shares of Oak Valley Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 38,004 shares of the financial services provider’s stock worth $1,010,000 after purchasing an additional 1,876 shares during the last quarter. Seizert Capital Partners LLC acquired a new stake in shares of Oak Valley Bancorp during the third quarter worth $327,000. FMR LLC boosted its holdings in shares of 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 purchasing an additional 842 shares during the last quarter. Fourthstone LLC acquired a new stake in shares of Oak Valley Bancorp during the third quarter worth $295,000. Finally, State Street Corp boosted its holdings in shares of Oak Valley Bancorp by 0.6% during the third 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 last quarter. Institutional investors and hedge funds own 30.86% of the company’s stock.

About Oak Valley Bancorp

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.