H Randolph Holder, Jr. Acquires 2,000 Shares of Oak Valley Bancorp (OVLY) Stock

Oak Valley Bancorp (NASDAQ:OVLY) Director H Randolph Holder, Jr. acquired 2,000 shares of the stock in a transaction on Wednesday, October 31st. The shares were purchased at an average price of $17.95 per share, for a total transaction of $35,900.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

NASDAQ OVLY traded down $0.84 on Wednesday, hitting $18.15. 11,100 shares of the stock were exchanged, compared to its average volume of 11,733. Oak Valley Bancorp has a 52-week low of $16.70 and a 52-week high of $25.65. The stock has a market cap of $147.13 million, a price-to-earnings ratio of 13.22 and a beta of -0.07.

Oak Valley Bancorp (NASDAQ:OVLY) last posted its quarterly earnings data on Thursday, October 18th. The financial services provider reported $0.39 earnings per share for the quarter. Oak Valley Bancorp had a net margin of 22.45% and a return on equity of 12.08%. The firm had revenue of $11.08 million for the quarter.



Several institutional investors have recently bought and sold shares of the company. Northern Trust Corp purchased a new position in shares of Oak Valley Bancorp during the 2nd quarter valued at $316,000. Bank of New York Mellon Corp purchased a new position in shares of Oak Valley Bancorp during the 2nd quarter valued at $492,000. BlackRock Inc. grew its holdings in shares of Oak Valley Bancorp by 5,893.0% during the 2nd quarter. BlackRock Inc. now owns 286,225 shares of the financial services provider’s stock valued at $6,546,000 after acquiring an additional 281,449 shares in the last quarter. Schwab Charles Investment Management Inc. purchased a new position in shares of Oak Valley Bancorp during the 2nd quarter valued at $300,000. Finally, Millennium Management LLC purchased a new position in shares of Oak Valley Bancorp during the 1st quarter valued at $1,655,000. Institutional investors and hedge funds own 20.11% of the company’s stock.

Separately, ValuEngine cut shares of Oak Valley Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th.

About Oak Valley Bancorp

Oak Valley Bancorp operates as the bank holding company for Oak Valley Community Bank that provides banking products and services to individuals and business enterprises in Oakdale, California and surrounding areas. The company accepts various deposits products, such as checking and savings, money market, health savings, and individual retirement accounts, as well as certificates of deposit.

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