Oak Valley Bancorp (NASDAQ:OVLY) Short Interest Down 15.4% in December

Oak Valley Bancorp (NASDAQ:OVLY) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 28,000 shares, a decrease of 15.4% from the December 15th total of 33,100 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 10,800 shares, the short-interest ratio is presently 2.6 days.

Insider Buying and Selling at Oak Valley Bancorp

In related news, Director Gary Strong purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The shares were acquired at an average price of $27.17 per share, for a total transaction of $27,170.00. Following the completion of the acquisition, the director now directly owns 11,842 shares in the company, valued at approximately $321,747.14. The trade was a 9.22 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 19.26% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Oak Valley Bancorp

Several hedge funds have recently made changes to their positions in OVLY. Bank of New York Mellon Corp lifted its position in Oak Valley Bancorp by 13.5% during the second quarter. Bank of New York Mellon Corp now owns 26,289 shares of the financial services provider’s stock valued at $656,000 after buying an additional 3,124 shares during the period. Dimensional Fund Advisors LP increased its stake 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 in the last quarter. Empowered Funds LLC lifted 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 valued at $1,010,000 after acquiring an additional 1,876 shares during the period. Seizert Capital Partners LLC bought a new stake in Oak Valley Bancorp during the third quarter worth about $327,000. Finally, FMR LLC boosted its stake in Oak Valley Bancorp by 0.4% during the third quarter. FMR LLC now owns 217,128 shares of the financial services provider’s stock worth $5,769,000 after acquiring an additional 842 shares in the last quarter. 30.86% of the stock is currently owned by institutional investors.

Oak Valley Bancorp Stock Down 1.3 %

Shares of OVLY traded down $0.34 during trading hours on Thursday, reaching $26.14. 7,297 shares of the company traded hands, compared to its average volume of 10,280. Oak Valley Bancorp has a 12 month low of $22.91 and a 12 month high of $32.24. The company’s fifty day moving average price is $29.40 and its two-hundred day moving average price is $27.31. The company has a market capitalization of $218.53 million, a price-to-earnings ratio of 8.71 and a beta of 0.35.

Oak Valley Bancorp (NASDAQ:OVLY) last issued its quarterly earnings data 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 business had revenue of $19.50 million during the quarter.

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.