Short Interest in Oak Valley Bancorp (NASDAQ:OVLY) Drops By 15.4%

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

Oak Valley Bancorp Stock Down 1.5 %

Shares of Oak Valley Bancorp stock traded down $0.39 on Friday, reaching $25.75. The stock had a trading volume of 65,553 shares, compared to its average volume of 7,741. The stock has a market capitalization of $215.27 million, a P/E ratio of 8.58 and a beta of 0.35. The company has a 50 day moving average price of $29.29 and a 200 day moving average price of $27.32. Oak Valley Bancorp has a 1 year low of $22.91 and a 1 year high of $32.24.

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

Insider Activity at Oak Valley Bancorp

In other news, Director Gary Strong bought 1,000 shares of Oak Valley Bancorp stock in a transaction on Wednesday, January 8th. The stock was acquired at an average cost of $27.17 per share, for a total transaction of $27,170.00. Following the completion of the acquisition, the director now owns 11,842 shares of the company’s stock, valued at $321,747.14. This trade represents a 9.22 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 19.26% of the stock is currently owned by corporate insiders.

Institutional Trading of Oak Valley Bancorp

A number of institutional investors have recently made changes to their positions in OVLY. State Street Corp raised its stake in Oak Valley Bancorp by 0.6% in the third quarter. State Street Corp now owns 86,390 shares of the financial services provider’s stock valued at $2,295,000 after buying an additional 510 shares during the last quarter. FMR LLC increased 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 valued at $5,769,000 after acquiring an additional 842 shares in the last quarter. Empowered Funds LLC raised its position in shares of Oak Valley Bancorp by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 38,004 shares of the financial services provider’s stock valued at $1,010,000 after purchasing an additional 1,876 shares during the last quarter. 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 purchasing an additional 3,124 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Oak Valley Bancorp by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 155,526 shares of the financial services provider’s stock worth $4,133,000 after purchasing an additional 3,646 shares during the last quarter. Institutional investors and hedge funds 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.