Oak Valley Bancorp (NASDAQ:OVLY) Share Price Passes Above 50 Day Moving Average – What’s Next?

Oak Valley Bancorp (NASDAQ:OVLY)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $29.34 and traded as high as $30.49. Oak Valley Bancorp shares last traded at $29.70, with a volume of 21,541 shares trading hands.

Oak Valley Bancorp Stock Performance

The company’s 50 day moving average price is $29.34 and its 200-day moving average price is $26.93. The company has a market cap of $248.26 million, a PE ratio of 9.90 and a beta of 0.34.

Oak Valley Bancorp (NASDAQ:OVLY) last announced 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 net margin of 28.03% and a return on equity of 14.38%.

Hedge Funds Weigh In On Oak Valley Bancorp

A number of institutional investors have recently made changes to their positions in OVLY. Bank of New York Mellon Corp lifted its holdings in shares of Oak Valley Bancorp by 13.5% during the 2nd 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 last quarter. Dimensional Fund Advisors LP lifted its stake in Oak Valley Bancorp by 8.1% during 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. Empowered Funds LLC boosted its holdings in shares of Oak Valley Bancorp by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 38,004 shares of the financial services provider’s stock worth $1,010,000 after purchasing an additional 1,876 shares in the last quarter. Seizert Capital Partners LLC bought a new position in shares of Oak Valley Bancorp during the 3rd quarter valued at about $327,000. Finally, FMR LLC lifted its position in Oak Valley Bancorp by 0.4% in the 3rd quarter. FMR LLC now owns 217,128 shares of the financial services provider’s stock worth $5,769,000 after buying an additional 842 shares during the last quarter. Institutional investors own 30.86% of the company’s stock.

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.