Oak Valley Bancorp (NASDAQ:OVLY) Upgraded at StockNews.com

StockNews.com upgraded shares of Oak Valley Bancorp (NASDAQ:OVLY) from a sell rating to a hold rating in a report released on Tuesday.

Oak Valley Bancorp Price Performance

NASDAQ:OVLY opened at $24.10 on Tuesday. The firm has a 50-day moving average of $24.01 and a two-hundred day moving average of $25.58. The stock has a market cap of $201.48 million, a P/E ratio of 7.28 and a beta of 0.36. Oak Valley Bancorp has a 1-year low of $22.49 and a 1-year high of $30.70.

Oak Valley Bancorp (NASDAQ:OVLY) last posted its quarterly earnings data on Friday, April 19th. The financial services provider reported $0.69 earnings per share for the quarter. Oak Valley Bancorp had a net margin of 31.38% and a return on equity of 17.78%. The company had revenue of $18.76 million during the quarter.

Hedge Funds Weigh In On Oak Valley Bancorp

Several large investors have recently modified their holdings of OVLY. Allspring Global Investments Holdings LLC bought a new position in shares of Oak Valley Bancorp during the third quarter worth about $55,000. FMR LLC increased its stake in shares of Oak Valley Bancorp by 2.0% in the third quarter. FMR LLC now owns 214,083 shares of the financial services provider’s stock valued at $5,369,000 after purchasing an additional 4,213 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Oak Valley Bancorp in the fourth quarter valued at approximately $110,000. BNP Paribas Financial Markets increased its stake in shares of Oak Valley Bancorp by 68.4% in the fourth quarter. BNP Paribas Financial Markets now owns 11,364 shares of the financial services provider’s stock valued at $340,000 after purchasing an additional 4,616 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of Oak Valley Bancorp by 7.9% in the first quarter. Empowered Funds LLC now owns 33,608 shares of the financial services provider’s stock valued at $833,000 after purchasing an additional 2,450 shares during the period. Institutional investors own 30.86% of the company’s stock.

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.