Oak Valley Bancorp (NASDAQ:OVLY) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Oak Valley Bancorp (NASDAQ:OVLYGet Rating) in a report released on Monday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Oak Valley Bancorp Stock Down 0.3 %

OVLY stock opened at $19.50 on Monday. Oak Valley Bancorp has a twelve month low of $16.52 and a twelve month high of $20.60. The stock’s 50 day moving average is $18.78 and its 200-day moving average is $18.09. The firm has a market capitalization of $160.88 million, a PE ratio of 9.47 and a beta of 0.37.

Oak Valley Bancorp (NASDAQ:OVLYGet Rating) last issued its earnings results on Thursday, October 20th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter. The firm had revenue of $18.38 million for the quarter. Oak Valley Bancorp had a return on equity of 13.54% and a net margin of 28.65%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Strategic Value Bank Partners LLC grew its position in Oak Valley Bancorp by 10.2% during the 1st quarter. Strategic Value Bank Partners LLC now owns 136,942 shares of the financial services provider’s stock valued at $2,527,000 after purchasing an additional 12,699 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Oak Valley Bancorp by 3.3% during the first quarter. Vanguard Group Inc. now owns 243,536 shares of the financial services provider’s stock valued at $4,493,000 after buying an additional 7,730 shares during the last quarter. State Street Corp grew its holdings in shares of Oak Valley Bancorp by 12.8% in the first quarter. State Street Corp now owns 17,388 shares of the financial services provider’s stock valued at $321,000 after purchasing an additional 1,970 shares in the last quarter. BHZ Capital Management LP boosted its stake in Oak Valley Bancorp by 3.3% during the first quarter. BHZ Capital Management LP now owns 43,238 shares of the financial services provider’s stock worth $798,000 after buying an additional 1,400 shares during the period. Finally, UBS Group AG boosted its stake in Oak Valley Bancorp by 8.5% during the first quarter. UBS Group AG now owns 7,956 shares of the financial services provider’s stock worth $147,000 after buying an additional 624 shares during the period. 25.20% of the stock is currently owned by institutional investors.

About Oak Valley Bancorp

(Get Rating)

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.

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