Oak Valley Bancorp (NASDAQ:OVLY) Releases Earnings Results

Oak Valley Bancorp (NASDAQ:OVLY) issued its earnings results on Tuesday. The financial services provider reported $0.64 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $20.78 million for the quarter. Oak Valley Bancorp had a return on equity of 12.12% and a net margin of 25.16%.

Oak Valley Bancorp Stock Down 0.2%

Shares of NASDAQ:OVLY traded down $0.05 during trading on Tuesday, hitting $33.01. 22,202 shares of the company were exchanged, compared to its average volume of 22,957. The business’s 50 day moving average is $32.98 and its 200-day moving average is $31.17. The company has a market capitalization of $277.61 million, a P/E ratio of 11.46 and a beta of 0.21. Oak Valley Bancorp has a 1-year low of $24.50 and a 1-year high of $35.47.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN grew its holdings in shares of Oak Valley Bancorp by 26.2% during the fourth quarter. Wells Fargo & Company MN now owns 11,667 shares of the financial services provider’s stock worth $351,000 after purchasing an additional 2,423 shares during the last quarter. Rhumbline Advisers grew its holdings 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 worth $283,000 after purchasing an additional 3,875 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Oak Valley Bancorp during the second quarter worth about $208,000. JPMorgan Chase & Co. grew its holdings in shares of 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 purchasing an additional 1,145 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings 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 purchasing an additional 1,496 shares during the last quarter. 30.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Oak Valley Bancorp in a report on Friday, April 10th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently 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.