Oak Valley Bancorp (NASDAQ:OVLY) Short Interest Update

Oak Valley Bancorp (NASDAQ:OVLY) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 28,000 shares, a decline of 15.4% from the December 15th total of 33,100 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 10,800 shares, the days-to-cover ratio is presently 2.6 days.

Insiders Place Their Bets

In related news, Director Gary Strong purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was bought at an average price of $27.17 per share, for a total transaction of $27,170.00. Following the completion of the transaction, the director now owns 11,842 shares in the company, valued at approximately $321,747.14. The trade was a 9.22 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 19.26% of the company’s stock.

Institutional Investors Weigh In On Oak Valley Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp boosted its stake 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 valued at $2,295,000 after purchasing an additional 510 shares during the period. FMR LLC lifted its holdings in Oak Valley Bancorp by 0.4% during 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 in the last quarter. Empowered Funds LLC lifted its holdings in 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 buying an additional 1,876 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Oak Valley Bancorp by 13.5% in 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 buying an additional 3,124 shares during the period. Finally, Geode Capital Management LLC grew its stake in Oak Valley Bancorp by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 155,526 shares of the financial services provider’s stock worth $4,133,000 after acquiring an additional 3,646 shares in the last quarter. 30.86% of the stock is currently owned by hedge funds and other institutional investors.

Oak Valley Bancorp Stock Down 1.5 %

OVLY traded down $0.39 during trading on Friday, reaching $25.75. The company had a trading volume of 65,553 shares, compared to its average volume of 7,741. Oak Valley Bancorp has a 52 week low of $22.91 and a 52 week high of $32.24. The stock has a market cap of $215.27 million, a P/E ratio of 8.58 and a beta of 0.35. The business has a 50 day simple moving average of $29.29 and a 200-day simple moving average of $27.32.

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

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.