Oak Valley Bancorp (NASDAQ:OVLY) Share Price Passes Above 50 Day Moving Average of $25.18

Oak Valley Bancorp (NASDAQ:OVLY) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $25.18 and traded as high as $26.98. Oak Valley Bancorp shares last traded at $26.34, with a volume of 22,923 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Oak Valley Bancorp in a research note on Thursday, October 5th. They set a “hold” rating on the stock.

Oak Valley Bancorp Stock Down 0.2 %

The business’s 50 day simple moving average is $25.18 and its two-hundred day simple moving average is $25.17. The stock has a market cap of $218.36 million, a P/E ratio of 6.30 and a beta of 0.33.

Oak Valley Bancorp (NASDAQ:OVLY) last issued its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.89 EPS for the quarter. The company had revenue of $20.50 million for the quarter. Oak Valley Bancorp had a net margin of 39.97% and a return on equity of 25.05%.

Hedge Funds Weigh In On Oak Valley Bancorp

A number of hedge funds have recently modified their holdings of the business. Invesco Ltd. acquired a new position in shares of Oak Valley Bancorp during the third quarter worth $269,000. FMR LLC lifted 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 worth $5,369,000 after purchasing an additional 4,213 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Oak Valley Bancorp during the third quarter worth $55,000. California State Teachers Retirement System acquired a new position in Oak Valley Bancorp in the second quarter valued at $56,000. Finally, Wells Fargo & Company MN lifted its holdings in Oak Valley Bancorp by 49.9% in the second quarter. Wells Fargo & Company MN now owns 7,564 shares of the financial services provider’s stock valued at $191,000 after buying an additional 2,518 shares during the period. Institutional investors and hedge funds own 27.40% 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.