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 stock in a transaction dated Wednesday, January 8th. The stock was acquired 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 directly owns 11,842 shares of the company’s stock, valued at approximately $321,747.14. The trade was a 9.22 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Oak Valley Bancorp Price Performance

Shares of Oak Valley Bancorp stock opened at $26.38 on Friday. Oak Valley Bancorp has a 1 year low of $22.91 and a 1 year high of $32.24. The business has a 50 day moving average price of $29.51 and a 200 day moving average price of $27.26. The company has a market capitalization of $220.51 million, a P/E ratio of 8.79 and a beta of 0.35.

Oak Valley Bancorp (NASDAQ:OVLY) last posted its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.89 EPS for the quarter. The business 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%.

Institutional Investors Weigh In On Oak Valley Bancorp

Hedge funds have recently modified their holdings of the company. State Street Corp boosted its position in 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 last quarter. FMR LLC boosted its holdings in shares of Oak Valley Bancorp by 0.4% during the third quarter. FMR LLC now owns 217,128 shares of the financial services provider’s stock worth $5,769,000 after purchasing an additional 842 shares during the last quarter. Barclays PLC increased its stake in Oak Valley Bancorp by 122.8% in the third quarter. Barclays PLC now owns 15,368 shares of the financial services provider’s stock valued at $408,000 after purchasing an additional 8,471 shares during the last quarter. Geode Capital Management LLC lifted its position in Oak Valley Bancorp by 2.4% during the third quarter. Geode Capital Management LLC now owns 155,526 shares of the financial services provider’s stock worth $4,133,000 after buying an additional 3,646 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake 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 worth $656,000 after buying an additional 3,124 shares during the last quarter. 30.86% of the stock is owned by institutional investors and hedge funds.

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.