Oak Valley Bancorp (NASDAQ:OVLY) Posts Earnings Results

Oak Valley Bancorp (NASDAQ:OVLY) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.61 EPS for the quarter, Zacks reports. Oak Valley Bancorp had a net margin of 24.80% and a return on equity of 11.99%.

Oak Valley Bancorp Trading Down 1.2%

OVLY stock traded down $0.40 during trading on Wednesday, reaching $32.93. The stock had a trading volume of 31,621 shares, compared to its average volume of 33,694. The firm has a market cap of $276.94 million, a PE ratio of 11.57 and a beta of 0.21. The stock’s 50 day moving average is $33.65 and its two-hundred day moving average is $32.95. Oak Valley Bancorp has a 52 week low of $25.41 and a 52 week high of $35.97.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Oak Valley Bancorp in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy”.

Hedge Funds Weigh In On Oak Valley Bancorp

Institutional investors have recently made changes to their positions in the business. State Street Corp grew its position in shares of Oak Valley Bancorp by 0.8% during the 4th quarter. State Street Corp now owns 99,225 shares of the financial services provider’s stock valued at $2,983,000 after acquiring an additional 806 shares during the period. Barclays PLC raised its holdings in Oak Valley Bancorp by 3.4% in the 4th quarter. Barclays PLC now owns 28,594 shares of the financial services provider’s stock worth $860,000 after purchasing an additional 931 shares during the period. Citadel Advisors LLC raised its holdings in Oak Valley Bancorp by 4.1% in the 3rd quarter. Citadel Advisors LLC now owns 28,596 shares of the financial services provider’s stock worth $806,000 after purchasing an additional 1,136 shares during the period. JPMorgan Chase & Co. lifted its position in Oak Valley Bancorp by 23.6% during the third quarter. JPMorgan Chase & Co. now owns 5,997 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 1,145 shares in the last quarter. Finally, LPL Financial LLC lifted its position in Oak Valley Bancorp by 10.4% during the fourth quarter. LPL Financial LLC now owns 13,775 shares of the financial services provider’s stock valued at $414,000 after purchasing an additional 1,300 shares in the last quarter. Institutional investors own 30.86% of the company’s stock.

About Oak Valley Bancorp

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.