Insider Buying: Oak Valley Bancorp (NASDAQ:OVLY) Director Buys 489 Shares of Stock

Oak Valley Bancorp Director Allison Lafferty purchased 489 shares at $28.48 each, totaling $13,926.72, increasing her ownership by 6.58%. The transaction was disclosed in an SEC filing. Oak Valley Bancorp's stock traded at $28.23, with a market cap of $236.75 million. The company reported $0.81 EPS and $21.17 million revenue last quarter. Weiss Ratings reiterated a 'buy' rating. Institutional investors have adjusted their stakes in the company.

Oak Valley Bancorp (CA) (NASDAQ:OVLY - Get Free Report) Director Allison Lafferty acquired 489 shares of the firm's stock in a transaction that occurred on Tuesday, November 25th. The shares were purchased at an average price of $28.48 per share, with a total value of $13,926.72. Following the completion of the acquisition, the director owned 7,920 shares of the company's stock, valued at $225,561.60. This represents a 6.58% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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Oak Valley Bancorp Stock Performance

NASDAQ OVLY traded down $0.13 during trading on Wednesday, hitting $28.23. The stock had a trading volume of 7,009 shares, compared to its average volume of 12,432. Oak Valley Bancorp has a 12 month low of $22.70 and a 12 month high of $32.24. The company's 50-day moving average price is $27.67 and its two-hundred day moving average price is $27.36. The company has a market capitalization of $236.75 million, a PE ratio of 9.90 and a beta of 0.45.

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last issued 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%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "buy (b)" rating on shares of Oak Valley Bancorp in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy".

Read Our Latest Report on Oak Valley Bancorp

Institutional Trading of Oak Valley Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in OVLY. BNP Paribas Financial Markets grew its position in shares of Oak Valley Bancorp by 123.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,708 shares of the financial services provider's stock valued at $76,000 after acquiring an additional 1,496 shares during the period. LSV Asset Management acquired a new stake in Oak Valley Bancorp in the 2nd quarter valued at about $79,000. Deutsche Bank AG grew its holdings in Oak Valley Bancorp by 80.1% during the first quarter. Deutsche Bank AG now owns 3,657 shares of the financial services provider's stock worth $91,000 after purchasing an additional 1,627 shares during the period. CWM LLC grew its holdings in Oak Valley Bancorp by 43.9% during the third quarter. CWM LLC now owns 3,280 shares of the financial services provider's stock worth $92,000 after purchasing an additional 1,001 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Oak Valley Bancorp by 23.6% during the third quarter. JPMorgan Chase & Co. now owns 5,997 shares of the financial services provider's stock worth $169,000 after buying an additional 1,145 shares during the last quarter. 30.86% of the stock is owned by institutional investors.

Oak Valley Bancorp Company Profile

(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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