Oak Valley Bancorp (NASDAQ:OVLY) Shares Cross Below 200-Day Moving Average of $25.17

Shares of Oak Valley Bancorp (NASDAQ:OVLY) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $25.17 and traded as low as $23.48. Oak Valley Bancorp shares last traded at $23.87, with a volume of 8,693 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Oak Valley Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, June 19th.

Oak Valley Bancorp Stock Up 2.1 %

The stock has a market cap of $199.55 million, a PE ratio of 7.21 and a beta of 0.35. The company has a fifty day moving average price of $23.95 and a 200 day moving average price of $25.17.

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

Institutional Trading of Oak Valley Bancorp

Several large investors have recently bought and sold shares of OVLY. Vanguard Group Inc. boosted its position in Oak Valley Bancorp by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 376,840 shares of the financial services provider’s stock valued at $9,338,000 after acquiring an additional 6,782 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Oak Valley Bancorp by 44.4% in the 1st quarter. BNP Paribas Financial Markets now owns 16,412 shares of the financial services provider’s stock worth $407,000 after purchasing an additional 5,048 shares in the last quarter. FMR LLC boosted its position in shares of Oak Valley Bancorp by 2.0% in the 3rd quarter. FMR LLC now owns 214,083 shares of the financial services provider’s stock worth $5,369,000 after purchasing an additional 4,213 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Oak Valley Bancorp in the 4th quarter worth approximately $110,000. Finally, Empowered Funds LLC boosted its position in shares of Oak Valley Bancorp by 7.9% in the 1st quarter. Empowered Funds LLC now owns 33,608 shares of the financial services provider’s stock worth $833,000 after purchasing an additional 2,450 shares in the last quarter. 30.86% of the stock is owned by institutional investors.

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.