Insider Buying: Oak Valley Bancorp (NASDAQ:OVLY) Director Purchases 1,000 Shares of Stock

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

Oak Valley Bancorp Stock Performance

Shares of NASDAQ:OVLY traded down $0.85 during midday trading on Friday, reaching $26.25. The company had a trading volume of 7,222 shares, compared to its average volume of 7,694. The company has a fifty day simple moving average of $29.52 and a two-hundred day simple moving average of $27.21. The firm has a market cap of $219.42 million, a price-to-earnings ratio of 8.75 and a beta of 0.35. Oak Valley Bancorp has a 1-year low of $22.91 and a 1-year high of $32.24.

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

Institutional Investors Weigh In On Oak Valley Bancorp

Large investors have recently bought and sold shares of the business. State Street Corp lifted its holdings in Oak Valley Bancorp by 0.6% during the 3rd quarter. State Street Corp now owns 86,390 shares of the financial services provider’s stock worth $2,295,000 after purchasing an additional 510 shares during the last quarter. FMR LLC boosted its holdings 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 valued at $5,769,000 after purchasing an additional 842 shares during the period. Empowered Funds LLC grew its position 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 worth $1,010,000 after purchasing an additional 1,876 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Oak Valley Bancorp by 13.5% during 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 purchasing an additional 3,124 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Oak Valley Bancorp by 2.4% during the third quarter. Geode Capital Management LLC now owns 155,526 shares of the financial services provider’s stock worth $4,133,000 after purchasing an additional 3,646 shares during the period. 30.86% of the stock is currently 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.