Oak Valley Bancorp (NASDAQ:OVLY) Stock Price Passes Below 200 Day Moving Average of $25.02

Oak Valley Bancorp (NASDAQ:OVLY) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $25.02 and traded as low as $23.47. Oak Valley Bancorp shares last traded at $23.92, with a volume of 2,139 shares traded.

Analyst Ratings Changes

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

Oak Valley Bancorp Price Performance

The firm’s 50 day moving average price is $23.95 and its 200-day moving average price is $25.02. The stock has a market cap of $199.97 million, a P/E ratio of 7.23 and a beta of 0.35.

Oak Valley Bancorp (NASDAQ:OVLY) last announced 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in Oak Valley Bancorp in the 4th quarter worth about $110,000. BNP Paribas Financial Markets boosted its holdings in shares of Oak Valley Bancorp by 68.4% during the 4th quarter. BNP Paribas Financial Markets now owns 11,364 shares of the financial services provider’s stock valued at $340,000 after acquiring an additional 4,616 shares during the last quarter. Empowered Funds LLC grew 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 worth $833,000 after acquiring an additional 2,450 shares during the period. FMR LLC raised its holdings in shares of Oak Valley Bancorp by 2.0% during 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 last quarter. Finally, Vanguard Group Inc. lifted its position in Oak Valley Bancorp by 1.8% during the first quarter. Vanguard Group Inc. now owns 376,840 shares of the financial services provider’s stock valued at $9,338,000 after purchasing an additional 6,782 shares during the period. 30.86% of the stock is owned by institutional investors.

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.