Banc Funds Co. LLC Sells 28,684 Shares of Oak Valley Bancorp (NASDAQ:OVLY)

Banc Funds Co. LLC lessened its holdings in Oak Valley Bancorp (NASDAQ:OVLY) by 39.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,822 shares of the financial services provider’s stock after selling 28,684 shares during the period. Banc Funds Co. LLC’s holdings in Oak Valley Bancorp were worth $1,164,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Oak Valley Bancorp by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 376,840 shares of the financial services provider’s stock worth $9,338,000 after buying an additional 6,782 shares during the last quarter. Bank of New York Mellon Corp grew its position in Oak Valley Bancorp by 13.5% in the second quarter. Bank of New York Mellon Corp now owns 26,289 shares of the financial services provider’s stock worth $656,000 after acquiring an additional 3,124 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Oak Valley Bancorp by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 95,508 shares of the financial services provider’s stock worth $2,384,000 after acquiring an additional 7,176 shares during the last quarter. Empowered Funds LLC raised its position in Oak Valley Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 38,004 shares of the financial services provider’s stock valued at $1,010,000 after purchasing an additional 1,876 shares during the period. Finally, Seizert Capital Partners LLC purchased a new stake in Oak Valley Bancorp during the third quarter valued at approximately $327,000. Hedge funds and other institutional investors own 30.86% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Oak Valley Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 17th.

Oak Valley Bancorp Stock Down 0.3 %

NASDAQ OVLY opened at $31.16 on Monday. Oak Valley Bancorp has a 52 week low of $22.91 and a 52 week high of $31.72. The firm has a market capitalization of $260.50 million, a price-to-earnings ratio of 10.39 and a beta of 0.32. The company has a fifty day moving average of $27.88 and a two-hundred day moving average of $26.11.

Oak Valley Bancorp (NASDAQ:OVLY) last released its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.89 EPS for the quarter. Oak Valley Bancorp had a net margin of 28.03% and a return on equity of 14.38%. The firm had revenue of $19.50 million during the quarter.

About Oak Valley Bancorp

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.