Insider Buying: Oak Valley Bancorp (NASDAQ:OVLY) Director Buys $27,170.00 in Stock

Oak Valley Bancorp (NASDAQ:OVLY) Director Gary Strong purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were acquired at an average price of $27.17 per share, with a total value of $27,170.00. Following the completion of the acquisition, the director now owns 11,842 shares in the company, valued at approximately $321,747.14. This trade represents a 9.22 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Oak Valley Bancorp Price Performance

Shares of Oak Valley Bancorp stock opened at $26.38 on Monday. The stock’s 50-day moving average is $29.51 and its 200 day moving average is $27.28. Oak Valley Bancorp has a one year low of $22.91 and a one year high of $32.24. The firm has a market cap of $220.51 million, a price-to-earnings ratio of 8.79 and a beta of 0.35.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in shares of Oak Valley Bancorp by 123.6% during the third quarter. JPMorgan Chase & Co. now owns 10,755 shares of the financial services provider’s stock valued at $286,000 after purchasing an additional 5,945 shares during the period. Barclays PLC increased its position in Oak Valley Bancorp by 122.8% in the 3rd quarter. Barclays PLC now owns 15,368 shares of the financial services provider’s stock valued at $408,000 after buying an additional 8,471 shares in the last quarter. Geode Capital Management LLC raised its stake in Oak Valley Bancorp by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 155,526 shares of the financial services provider’s stock worth $4,133,000 after buying an additional 3,646 shares during the period. State Street Corp boosted its holdings in Oak Valley Bancorp by 0.6% in the third quarter. State Street Corp now owns 86,390 shares of the financial services provider’s stock worth $2,295,000 after acquiring an additional 510 shares in the last quarter. Finally, Fourthstone LLC bought a new stake in shares of Oak Valley Bancorp during the third quarter valued at approximately $295,000. 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.