Oak Valley Bancorp (NASDAQ:OVLY) Issues Earnings Results

Oak Valley Bancorp (NASDAQ:OVLY) posted its quarterly earnings data on Wednesday. The financial services provider reported $999.00 earnings per share for the quarter, reports. Oak Valley Bancorp had a return on equity of 12.12% and a net margin of 25.16%.The company had revenue of $20.78 million during the quarter.

Oak Valley Bancorp Trading Down 0.6%

OVLY stock opened at $33.99 on Friday. The stock has a market capitalization of $285.86 million, a PE ratio of 11.80 and a beta of 0.23. Oak Valley Bancorp has a 12-month low of $24.05 and a 12-month high of $35.47. The stock’s 50 day simple moving average is $32.99 and its 200 day simple moving average is $30.63.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Oak Valley Bancorp in a research report on Friday, April 10th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Oak Valley Bancorp has an average rating of “Buy”.

Hedge Funds Weigh In On Oak Valley Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OVLY. Fourthstone LLC lifted its position in Oak Valley Bancorp by 84.1% in the 4th quarter. Fourthstone LLC now owns 305,401 shares of the financial services provider’s stock valued at $9,180,000 after acquiring an additional 139,545 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Oak Valley Bancorp by 6.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 142,280 shares of the financial services provider’s stock worth $4,277,000 after buying an additional 8,429 shares during the last quarter. Jane Street Group LLC purchased a new position in Oak Valley Bancorp in the 2nd quarter worth about $208,000. Goldman Sachs Group Inc. raised its position in Oak Valley Bancorp by 19.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 42,897 shares of the financial services provider’s stock worth $1,289,000 after buying an additional 6,985 shares during the last quarter. Finally, Millennium Management LLC raised its position in Oak Valley Bancorp by 36.4% in the 3rd quarter. Millennium Management LLC now owns 16,887 shares of the financial services provider’s stock worth $476,000 after buying an additional 4,503 shares during the last quarter. 30.86% of the stock is owned by institutional investors.

About Oak Valley Bancorp

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.