Oak Valley Bancorp (NASDAQ:OVLY) Downgraded to Sell at StockNews.com

StockNews.com downgraded shares of Oak Valley Bancorp (NASDAQ:OVLY) from a hold rating to a sell rating in a research note issued to investors on Friday.

Oak Valley Bancorp Trading Up 2.1 %

Shares of OVLY stock traded up $0.55 on Friday, reaching $26.38. The company had a trading volume of 15,136 shares, compared to its average volume of 19,755. The stock has a market cap of $220.54 million, a PE ratio of 7.97 and a beta of 0.35. Oak Valley Bancorp has a 12 month low of $22.91 and a 12 month high of $30.70. The company has a 50-day moving average of $24.90 and a 200-day moving average of $24.60.

Oak Valley Bancorp (NASDAQ:OVLY) last released its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.71 earnings per share for the quarter. The firm had revenue of $19.05 million during the quarter. Oak Valley Bancorp had a return on equity of 15.92% and a net margin of 31.38%.

Oak Valley Bancorp Announces Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Friday, August 9th. Stockholders of record on Monday, July 29th were paid a dividend of $0.225 per share. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, July 29th. Oak Valley Bancorp’s dividend payout ratio is presently 13.60%.

Insider Transactions at Oak Valley Bancorp

In other news, Director Daniel J. Leonard acquired 1,000 shares of the stock in a transaction on Monday, August 5th. The stock was acquired at an average cost of $25.50 per share, for a total transaction of $25,500.00. Following the completion of the transaction, the director now directly owns 60,223 shares in the company, valued at $1,535,686.50. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders bought 1,799 shares of company stock valued at $44,626. 19.26% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in Oak Valley Bancorp in the fourth quarter valued at approximately $110,000. BNP Paribas Financial Markets raised its holdings in shares of Oak Valley Bancorp by 68.4% in the 4th quarter. BNP Paribas Financial Markets now owns 11,364 shares of the financial services provider’s stock worth $340,000 after purchasing an additional 4,616 shares during the period. Bank of New York Mellon Corp raised 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 valued at $656,000 after buying an additional 3,124 shares during the period. Empowered Funds LLC grew its stake in shares of Oak Valley Bancorp by 7.9% during the 1st quarter. Empowered Funds LLC now owns 33,608 shares of the financial services provider’s stock worth $833,000 after acquiring an additional 2,450 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Oak Valley Bancorp by 8.1% in 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 acquiring an additional 7,176 shares during the period. 30.86% of the stock is owned by institutional investors.

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.