Oak Valley Bancorp (NASDAQ:OVLY) Stock Price Passes Above Fifty Day Moving Average – Time to Sell?

Oak Valley Bancorp (NASDAQ:OVLY)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $29.34 and traded as high as $30.49. Oak Valley Bancorp shares last traded at $29.70, with a volume of 21,541 shares trading hands.

Oak Valley Bancorp Price Performance

The company has a market cap of $248.26 million, a PE ratio of 9.90 and a beta of 0.34. The business’s 50 day moving average is $29.34 and its 200-day moving average is $26.93.

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

Institutional Investors Weigh In On Oak Valley Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in OVLY. FMR LLC boosted its holdings in 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 purchasing an additional 842 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Oak Valley Bancorp by 13.5% in the 2nd 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 in the last quarter. Dimensional Fund Advisors LP boosted 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 valued at $2,384,000 after buying an additional 7,176 shares in the last quarter. Seizert Capital Partners LLC purchased a new position in shares of Oak Valley Bancorp in the 3rd quarter valued at $327,000. Finally, Empowered Funds LLC raised its stake 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 in the last quarter. Institutional investors and hedge funds 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.