Oak Valley Bancorp (NASDAQ:OVLY) Stock Crosses Below 200 Day Moving Average of $25.62

Oak Valley Bancorp (NASDAQ:OVLY) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $25.62 and traded as low as $23.03. Oak Valley Bancorp shares last traded at $23.42, with a volume of 10,960 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Oak Valley Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, April 19th.

Oak Valley Bancorp Stock Performance

The stock has a fifty day moving average of $23.99 and a 200-day moving average of $25.62. The company has a market cap of $195.79 million, a PE ratio of 7.08 and a beta of 0.36.

Institutional Investors Weigh In On Oak Valley Bancorp

Several hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new position in Oak Valley Bancorp in the third quarter worth approximately $55,000. SG Americas Securities LLC bought a new position in shares of Oak Valley Bancorp in the 4th quarter worth $110,000. BNP Paribas Financial Markets lifted its stake in shares of Oak Valley Bancorp by 68.4% during the 4th quarter. BNP Paribas Financial Markets now owns 11,364 shares of the financial services provider’s stock worth $340,000 after purchasing an additional 4,616 shares during the last quarter. Empowered Funds LLC boosted its position in Oak Valley Bancorp by 7.9% during the first quarter. Empowered Funds LLC now owns 33,608 shares of the financial services provider’s stock valued at $833,000 after purchasing an additional 2,450 shares in the last quarter. Finally, FMR LLC grew its stake in Oak Valley Bancorp by 2.0% in the third quarter. FMR LLC now owns 214,083 shares of the financial services provider’s stock valued at $5,369,000 after purchasing an additional 4,213 shares during the last quarter. Hedge funds and other institutional investors 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.