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

Oak Valley Bancorp (NASDAQ:OVLY) Director Gary Strong purchased 1,000 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were purchased at an average cost of $27.17 per share, for a total transaction of $27,170.00. Following the completion of the purchase, the director now directly owns 11,842 shares of the company’s stock, valued at approximately $321,747.14. This represents a 9.22 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Oak Valley Bancorp Stock Down 3.1 %

Oak Valley Bancorp stock traded down $0.85 during mid-day trading on Friday, hitting $26.25. 7,222 shares of the stock were exchanged, compared to its average volume of 7,694. Oak Valley Bancorp has a 12 month low of $22.91 and a 12 month high of $32.24. The firm’s fifty day simple moving average is $29.52 and its two-hundred day simple moving average is $27.21. The stock has a market capitalization of $219.42 million, a price-to-earnings ratio of 8.75 and a beta of 0.35.

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

Hedge Funds Weigh In On Oak Valley Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Seizert Capital Partners LLC bought a new stake in Oak Valley Bancorp during the 3rd quarter valued at $327,000. Fourthstone LLC acquired a new position in shares of Oak Valley Bancorp during the third quarter valued at about $295,000. Barclays PLC increased its position in shares of Oak Valley Bancorp by 122.8% during the third quarter. Barclays PLC now owns 15,368 shares of the financial services provider’s stock worth $408,000 after acquiring an additional 8,471 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 acquiring an additional 7,176 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Oak Valley Bancorp by 123.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,755 shares of the financial services provider’s stock worth $286,000 after acquiring an additional 5,945 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.