Oak Valley Bancorp (NASDAQ:OVLY) Director H Randolph Holder, Jr. acquired 2,000 shares of the business’s stock in a transaction on Wednesday, October 31st. The stock was bought at an average cost of $17.95 per share, for a total transaction of $35,900.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
NASDAQ:OVLY traded down $0.84 during mid-day trading on Wednesday, hitting $18.15. The company had a trading volume of 11,100 shares, compared to its average volume of 11,733. Oak Valley Bancorp has a 1 year low of $16.70 and a 1 year high of $25.65. The firm has a market capitalization of $147.13 million, a PE ratio of 13.22 and a beta of -0.07.
Oak Valley Bancorp (NASDAQ:OVLY) last released its quarterly earnings data on Thursday, October 18th. The financial services provider reported $0.39 EPS for the quarter. Oak Valley Bancorp had a return on equity of 12.08% and a net margin of 22.45%. The company had revenue of $11.08 million for the quarter.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in shares of Oak Valley Bancorp during the second quarter worth about $492,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of Oak Valley Bancorp during the second quarter worth about $300,000. Millennium Management LLC purchased a new stake in shares of Oak Valley Bancorp during the first quarter worth about $1,655,000. BlackRock Inc. increased its position in shares of Oak Valley Bancorp by 5,893.0% during the second quarter. BlackRock Inc. now owns 286,225 shares of the financial services provider’s stock worth $6,546,000 after acquiring an additional 281,449 shares during the last quarter. Finally, Northern Trust Corp purchased a new stake in shares of Oak Valley Bancorp during the second quarter worth about $316,000. 20.11% of the stock is currently owned by institutional investors and hedge funds.
Separately, ValuEngine lowered Oak Valley Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th.
About Oak Valley Bancorp
Oak Valley Bancorp operates as the bank holding company for Oak Valley Community Bank that provides banking products and services to individuals and business enterprises in Oakdale, California and surrounding areas. The company accepts various deposits products, such as checking and savings, money market, health savings, and individual retirement accounts, as well as certificates of deposit.
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