Oak Valley Bancorp (NASDAQ:OVLY) Director Purchases $27,170.00 in Stock

Oak Valley Bancorp (NASDAQ:OVLY) Director Gary Strong purchased 1,000 shares of the stock in a transaction dated Wednesday, January 8th. The shares were bought at an average price of $27.17 per share, with a total value of $27,170.00. Following the completion of the acquisition, the director now directly owns 11,842 shares of the company’s stock, valued at approximately $321,747.14. This represents a 9.22 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Oak Valley Bancorp Stock Performance

NASDAQ:OVLY opened at $26.38 on Friday. The firm’s fifty day moving average is $29.52 and its 200-day moving average is $27.21. Oak Valley Bancorp has a 52 week low of $22.91 and a 52 week high of $32.24. The firm has a market cap of $220.51 million, a P/E ratio of 8.79 and a beta of 0.35.

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

Hedge Funds Weigh In On Oak Valley Bancorp

Several large investors have recently modified their holdings of the business. FMR LLC boosted its position in shares of Oak Valley Bancorp by 0.4% in the third quarter. FMR LLC now owns 217,128 shares of the financial services provider’s stock valued at $5,769,000 after acquiring an additional 842 shares during the period. Geode Capital Management LLC raised its holdings in shares of Oak Valley Bancorp by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 155,526 shares of the financial services provider’s stock valued at $4,133,000 after buying an additional 3,646 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Oak Valley Bancorp by 8.1% in the 2nd 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. State Street Corp boosted its position in Oak Valley Bancorp by 0.6% during the third quarter. State Street Corp now owns 86,390 shares of the financial services provider’s stock valued at $2,295,000 after buying an additional 510 shares during the period. Finally, Empowered Funds LLC grew its position in Oak Valley Bancorp by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 38,004 shares of the financial services provider’s stock worth $1,010,000 after acquiring an additional 1,876 shares during the last quarter. Hedge funds and other institutional investors own 30.86% of the company’s stock.

Oak Valley Bancorp Company Profile

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.