Banc Funds Co. LLC Lowers Position in Oak Valley Bancorp (NASDAQ:OVLY)

Banc Funds Co. LLC lessened its stake in shares of Oak Valley Bancorp (NASDAQ:OVLY) by 39.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 43,822 shares of the financial services provider’s stock after selling 28,684 shares during the period. Banc Funds Co. LLC owned 0.52% of Oak Valley Bancorp worth $1,164,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of OVLY. Fourthstone LLC bought a new position in shares of Oak Valley Bancorp during the 3rd quarter valued at approximately $295,000. Seizert Capital Partners LLC bought a new position in shares of Oak Valley Bancorp in the third quarter worth approximately $327,000. Bank of New York Mellon Corp increased its stake 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 purchasing an additional 3,124 shares in the last quarter. Empowered Funds LLC raised 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 valued at $1,010,000 after purchasing an additional 1,876 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Oak Valley Bancorp by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 95,508 shares of the financial services provider’s stock valued at $2,384,000 after buying an additional 7,176 shares in the last quarter. Hedge funds and other institutional investors own 30.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Oak Valley Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 17th.

Oak Valley Bancorp Trading Down 0.3 %

Shares of OVLY opened at $31.16 on Monday. Oak Valley Bancorp has a 12-month low of $22.91 and a 12-month high of $31.72. The company has a market capitalization of $260.50 million, a PE ratio of 10.39 and a beta of 0.32. The business’s 50 day moving average is $27.88 and its 200 day moving average is $26.11.

Oak Valley Bancorp (NASDAQ:OVLY) last released its quarterly earnings data 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%.

Oak Valley Bancorp 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.