Don Barton Sells 375 Shares of Oak Valley Bancorp (NASDAQ:OVLY) Stock
Director Don Barton sold 375 shares of Oak Valley Bancorp (NASDAQ:OVLY) at $28.69 each, totaling $10,758.75. Post-sale, Barton owns 31,850 shares, a 1.16% decrease in ownership. The stock rose to $29.21, with a market cap of $244.81 million. Oak Valley Bancorp reported $0.81 EPS and $21.17 million revenue for the quarter. Institutional investors hold 30.86% of the stock. Weiss Ratings reaffirmed a 'Buy' rating.
Oak Valley Bancorp (CA) (NASDAQ:OVLY - Get Free Report) Director Don Barton sold 375 shares of Oak Valley Bancorp stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $28.69, for a total value of $10,758.75. Following the sale, the director directly owned 31,850 shares of the company's stock, valued at approximately $913,776.50. This trade represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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Oak Valley Bancorp Price Performance
Shares of NASDAQ OVLY traded up $0.54 during midday trading on Thursday, reaching $29.21. 8,357 shares of the stock were exchanged, compared to its average volume of 12,602. The business has a 50-day simple moving average of $27.81 and a two-hundred day simple moving average of $27.17. Oak Valley Bancorp has a 12 month low of $22.70 and a 12 month high of $32.24. The company has a market capitalization of $244.81 million, a price-to-earnings ratio of 10.25 and a beta of 0.45.
Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last released its quarterly earnings results on Thursday, November 13th. The financial services provider reported $0.81 earnings per share for the quarter. The company had revenue of $21.17 million during the quarter. Oak Valley Bancorp had a net margin of 26.38% and a return on equity of 12.80%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in OVLY. BNP Paribas Financial Markets raised its position in shares of Oak Valley Bancorp by 123.4% in the third quarter. BNP Paribas Financial Markets now owns 2,708 shares of the financial services provider's stock valued at $76,000 after purchasing an additional 1,496 shares during the period. LSV Asset Management bought a new stake in shares of Oak Valley Bancorp during the 2nd quarter valued at $79,000. CWM LLC lifted its holdings in shares of Oak Valley Bancorp by 43.9% during the 3rd quarter. CWM LLC now owns 3,280 shares of the financial services provider's stock worth $92,000 after acquiring an additional 1,001 shares during the period. Deutsche Bank AG boosted its holdings in shares of Oak Valley Bancorp by 80.1% in the 1st quarter. Deutsche Bank AG now owns 3,657 shares of the financial services provider's stock valued at $91,000 after purchasing an additional 1,627 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Oak Valley Bancorp by 23.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,997 shares of the financial services provider's stock valued at $169,000 after purchasing an additional 1,145 shares during the last quarter. 30.86% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Oak Valley Bancorp in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy".
Read Our Latest Report on Oak Valley Bancorp
About Oak Valley Bancorp
(Get Free Report)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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