Oak Valley Bancorp (CA) (NASDAQ:OVLY) Short Interest Down 22.7% in December

Oak Valley Bancorp (CA) (NASDAQ:OVLY) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 31,648 shares, a decline of 22.7% from the December 15th total of 40,949 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 13,712 shares, the short-interest ratio is currently 2.3 days. Based on an average daily volume of 13,712 shares, the short-interest ratio is currently 2.3 days. Currently, 0.5% of the company’s shares are short sold.

Oak Valley Bancorp Stock Down 1.6%

Shares of NASDAQ OVLY traded down $0.50 during mid-day trading on Tuesday, reaching $30.70. 10,735 shares of the company were exchanged, compared to its average volume of 11,764. Oak Valley Bancorp has a 1 year low of $22.70 and a 1 year high of $31.90. The firm has a 50-day moving average of $29.42 and a 200 day moving average of $28.35. The stock has a market cap of $257.51 million, a price-to-earnings ratio of 10.77 and a beta of 0.26.

Oak Valley Bancorp (NASDAQ:OVLY) last released its quarterly earnings results on Thursday, November 13th. The financial services provider reported $0.81 EPS for the quarter. Oak Valley Bancorp had a net margin of 25.28% and a return on equity of 12.56%. The business had revenue of $21.17 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Oak Valley Bancorp in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

Insider Transactions at Oak Valley Bancorp

In other news, Director Gary Strong acquired 1,000 shares of Oak Valley Bancorp stock in a transaction on Tuesday, October 28th. The shares were bought at an average cost of $27.50 per share, for a total transaction of $27,500.00. Following the acquisition, the director directly owned 12,842 shares of the company’s stock, valued at $353,155. This trade represents a 8.44% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 1,125 shares of company stock valued at $33,461 over the last quarter. 18.08% of the stock is owned by corporate insiders.

Institutional Trading of Oak Valley Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in OVLY. Fourthstone LLC increased its position in Oak Valley Bancorp by 36.3% during the 2nd quarter. Fourthstone LLC now owns 141,400 shares of the financial services provider’s stock valued at $3,852,000 after buying an additional 37,692 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Oak Valley Bancorp during the second quarter valued at about $319,000. Jane Street Group LLC purchased a new position in shares of Oak Valley Bancorp in the 2nd quarter valued at approximately $208,000. Dimensional Fund Advisors LP boosted its stake in Oak Valley Bancorp by 3.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 133,851 shares of the financial services provider’s stock worth $3,771,000 after purchasing an additional 4,731 shares in the last quarter. Finally, Millennium Management LLC grew its position in Oak Valley Bancorp by 36.4% during the 3rd quarter. Millennium Management LLC now owns 16,887 shares of the financial services provider’s stock worth $476,000 after purchasing an additional 4,503 shares during the last quarter. Hedge funds and other institutional investors own 30.86% of the company’s stock.

Oak Valley Bancorp Company Profile

Oak Valley Bancorp is the bank holding company for Oak Valley Community Bank, a California-chartered commercial bank headquartered in Lodi, California. Through its subsidiary, the company offers a full suite of banking services tailored to individuals, businesses, agricultural enterprises and nonprofit organizations. Its product portfolio includes checking and savings accounts, money market instruments, certificates of deposit and individual retirement accounts, alongside digital banking tools such as mobile and online banking platforms.

On the lending side, Oak Valley Bancorp provides commercial real estate and construction loans, agricultural and farm real estate financing, equipment leases, SBA-initiated programs and lines of credit.