Ronald C. Martin Sells 1,000 Shares of Oak Valley Bancorp (NASDAQ:OVLY) Stock

Oak Valley Bancorp (NASDAQ:OVLY) Director Ronald C. Martin sold 1,000 shares of Oak Valley Bancorp stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $24.73, for a total transaction of $24,730.00. Following the sale, the director now owns 153,447 shares in the company, valued at $3,794,744.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Oak Valley Bancorp Stock Performance

Oak Valley Bancorp stock traded down $0.31 during trading hours on Tuesday, hitting $24.69. 4,050 shares of the stock were exchanged, compared to its average volume of 11,055. Oak Valley Bancorp has a 12 month low of $22.49 and a 12 month high of $30.70. The business’s 50-day moving average is $23.97 and its two-hundred day moving average is $25.61. The stock has a market capitalization of $206.41 million, a P/E ratio of 7.46 and a beta of 0.36.

Oak Valley Bancorp (NASDAQ:OVLY) last issued its quarterly earnings results 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 35.34% and a return on equity of 18.30%. The business had revenue of $18.76 million during the quarter.

Institutional Trading of Oak Valley Bancorp

A number of hedge funds have recently modified their holdings of OVLY. Vanguard Group Inc. lifted its holdings 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 worth $9,338,000 after purchasing an additional 6,782 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Oak Valley Bancorp by 44.4% in the first quarter. BNP Paribas Financial Markets now owns 16,412 shares of the financial services provider’s stock valued at $407,000 after acquiring an additional 5,048 shares during the period. FMR LLC grew 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 acquiring an additional 4,213 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Oak Valley Bancorp during the fourth quarter worth approximately $110,000. Finally, Empowered Funds LLC raised its position 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 buying an additional 2,450 shares in the last quarter. 30.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Oak Valley Bancorp from a “sell” rating to a “hold” rating in a research note on Monday.

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.