Oak Valley Bancorp (CA) (NASDAQ:OVLY) Short Interest Update

Oak Valley Bancorp (CA) (NASDAQ:OVLY) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 31,648 shares, a decline of 22.7% from the December 15th total of 40,949 shares. Based on an average trading volume of 13,712 shares, the short-interest ratio is currently 2.3 days. Currently, 0.5% of the company’s shares are sold short. Currently, 0.5% of the company’s shares are sold short. Based on an average trading volume of 13,712 shares, the short-interest ratio is currently 2.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Oak Valley Bancorp in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Insider Activity

In other Oak Valley Bancorp news, Director Gary Strong purchased 1,000 shares of the stock in a transaction on Tuesday, October 28th. The stock was bought at an average cost of $27.50 per share, for a total transaction of $27,500.00. Following the completion of the acquisition, the director directly owned 12,842 shares of the company’s stock, valued at $353,155. The trade was a 8.44% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 1,125 shares of company stock valued at $33,461 in the last ninety days. 18.08% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC acquired a new stake in Oak Valley Bancorp in the 2nd quarter valued at $319,000. Geode Capital Management LLC boosted its stake in shares of Oak Valley Bancorp by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 161,422 shares of the financial services provider’s stock worth $4,398,000 after buying an additional 2,592 shares during the last quarter. LSV Asset Management bought a new position in shares of Oak Valley Bancorp in the 2nd quarter valued at about $79,000. Rhumbline Advisers increased its position in shares of Oak Valley Bancorp by 59.4% in the second quarter. Rhumbline Advisers now owns 10,401 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 3,875 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Oak Valley Bancorp by 20.9% during the second quarter. Hsbc Holdings PLC now owns 15,037 shares of the financial services provider’s stock worth $409,000 after acquiring an additional 2,603 shares in the last quarter. Institutional investors and hedge funds own 30.86% of the company’s stock.

Oak Valley Bancorp Trading Up 0.9%

Shares of Oak Valley Bancorp stock traded up $0.27 during trading on Friday, reaching $31.20. The stock had a trading volume of 19,011 shares, compared to its average volume of 10,978. The company has a market capitalization of $261.77 million, a price-to-earnings ratio of 10.95 and a beta of 0.26. The stock has a fifty day moving average price of $29.37 and a two-hundred day moving average price of $28.32. Oak Valley Bancorp has a 52 week low of $22.70 and a 52 week high of $31.90.

Oak Valley Bancorp (NASDAQ:OVLY) last announced its earnings results on Thursday, November 13th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter. Oak Valley Bancorp had a return on equity of 12.56% and a net margin of 25.28%.The business had revenue of $21.17 million for the quarter.

Oak Valley Bancorp Company Profile

Oak Valley Bancorp is the bank holding company for Oak Valley Community Bank, a California-chartered commercial bank headquartered in Lodi, California. Through its subsidiary, the company offers a full suite of banking services tailored to individuals, businesses, agricultural enterprises and nonprofit organizations. Its product portfolio includes checking and savings accounts, money market instruments, certificates of deposit and individual retirement accounts, alongside digital banking tools such as mobile and online banking platforms.

On the lending side, Oak Valley Bancorp provides commercial real estate and construction loans, agricultural and farm real estate financing, equipment leases, SBA-initiated programs and lines of credit.