Oak Valley Bancorp (NASDAQ:OVLY) Announces Quarterly Earnings Results

Oak Valley Bancorp (NASDAQ:OVLY) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.61 EPS for the quarter, Zacks reports. Oak Valley Bancorp had a net margin of 24.80% and a return on equity of 11.99%.

Oak Valley Bancorp Price Performance

OVLY stock traded down $0.40 during mid-day trading on Wednesday, hitting $32.93. 31,621 shares of the stock were exchanged, compared to its average volume of 33,760. The business has a fifty day moving average price of $33.65 and a 200 day moving average price of $32.95. Oak Valley Bancorp has a 12 month low of $25.41 and a 12 month high of $35.97. The stock has a market capitalization of $277.04 million, a price-to-earnings ratio of 11.43 and a beta of 0.21.

Institutional Trading of Oak Valley Bancorp

A number of hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC purchased a new stake in Oak Valley Bancorp in the fourth quarter worth approximately $42,000. BNP Paribas Financial Markets raised its stake in shares of Oak Valley Bancorp by 123.4% during the third quarter. BNP Paribas Financial Markets now owns 2,708 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 1,496 shares in the last quarter. JPMorgan Chase & Co. boosted 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 valued at $169,000 after buying an additional 1,145 shares during the period. Jane Street Group LLC bought a new position in shares of Oak Valley Bancorp during the second quarter valued at about $208,000. Finally, Rhumbline Advisers grew its stake in shares of Oak Valley Bancorp by 59.4% during the second quarter. Rhumbline Advisers now owns 10,401 shares of the financial services provider’s stock valued at $283,000 after buying an additional 3,875 shares during the last quarter. Institutional investors own 30.86% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Oak Valley Bancorp in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy”.

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.