Charles Schwab Investment Management Inc. Sells 1,210 Shares of Oak Valley Bancorp (NASDAQ:OVLY)

Charles Schwab Investment Management Inc. cut its stake in shares of Oak Valley Bancorp (NASDAQ:OVLY) by 6.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 19,093 shares of the financial services provider’s stock after selling 1,210 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Oak Valley Bancorp were worth $507,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in shares of Oak Valley Bancorp by 13.5% in the second quarter. Bank of New York Mellon Corp now owns 26,289 shares of the financial services provider’s stock worth $656,000 after acquiring an additional 3,124 shares during the period. Dimensional Fund Advisors LP boosted its position in Oak Valley Bancorp by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 95,508 shares of the financial services provider’s stock worth $2,384,000 after purchasing an additional 7,176 shares during the last quarter. Seizert Capital Partners LLC bought a new stake in shares of Oak Valley Bancorp during the 3rd quarter valued at about $327,000. Finally, Empowered Funds LLC grew its stake in shares of 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 purchasing an additional 1,876 shares during the period. 30.86% of the stock is owned by institutional investors.

Oak Valley Bancorp Stock Up 1.0 %

Shares of NASDAQ:OVLY opened at $27.61 on Friday. The stock has a market capitalization of $230.79 million, a PE ratio of 9.20 and a beta of 0.34. The firm’s 50 day moving average price is $29.10 and its 200-day moving average price is $26.71. Oak Valley Bancorp has a twelve month low of $22.91 and a twelve month high of $32.24.

Oak Valley Bancorp (NASDAQ:OVLY) last released its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.89 earnings per share for the quarter. The business had revenue of $19.50 million for the quarter. Oak Valley Bancorp had a net margin of 28.03% and a return on equity of 14.38%.

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.