Oak Valley Bancorp (NASDAQ:OVLY) Director Gary Strong Acquires 1,000 Shares of Stock

Oak Valley Bancorp (NASDAQ:OVLY) Director Gary Strong bought 1,000 shares of the stock in a transaction on Wednesday, January 8th. The stock was acquired at an average cost of $27.17 per share, for a total transaction of $27,170.00. Following the acquisition, the director now directly owns 11,842 shares in the company, valued at approximately $321,747.14. The trade was a 9.22 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Oak Valley Bancorp Stock Performance

NASDAQ:OVLY opened at $26.38 on Friday. The company has a market capitalization of $220.51 million, a price-to-earnings ratio of 8.79 and a beta of 0.35. Oak Valley Bancorp has a 52 week low of $22.91 and a 52 week high of $32.24. The company has a 50-day moving average of $29.52 and a 200-day moving average of $27.21.

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

Hedge Funds Weigh In On Oak Valley Bancorp

Several institutional investors have recently modified their holdings of the stock. State Street Corp raised its holdings in shares of Oak Valley Bancorp by 0.6% during 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 during the period. FMR LLC boosted its holdings in shares of 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 buying an additional 842 shares during the last quarter. Barclays PLC increased its stake in shares of Oak Valley Bancorp by 122.8% during the 3rd quarter. Barclays PLC now owns 15,368 shares of the financial services provider’s stock worth $408,000 after purchasing an additional 8,471 shares during the last quarter. Geode Capital Management LLC raised its stake in Oak Valley Bancorp by 2.4% in the third quarter. Geode Capital Management LLC now owns 155,526 shares of the financial services provider’s stock valued at $4,133,000 after buying an additional 3,646 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in 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 valued at $656,000 after purchasing an additional 3,124 shares during the last quarter. 30.86% of the stock is currently owned by institutional investors and hedge funds.

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.