Oak Valley Bancorp (NASDAQ:OVLY) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Oak Valley Bancorp (CA) (NASDAQ:OVLY) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $29.71 and traded as high as $32.10. Oak Valley Bancorp shares last traded at $31.75, with a volume of 21,937 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated 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 MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Oak Valley Bancorp Stock Up 0.4%

The stock has a fifty day moving average of $32.19 and a two-hundred day moving average of $29.72. The stock has a market cap of $266.38 million, a price-to-earnings ratio of 11.02 and a beta of 0.25.

Oak Valley Bancorp (NASDAQ:OVLY) last released its quarterly earnings data on Monday, January 26th. The financial services provider reported $0.76 EPS for the quarter. The company had revenue of $21.28 million for the quarter. Oak Valley Bancorp had a return on equity of 12.64% and a net margin of 25.28%.

Oak Valley Bancorp Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were given a dividend of $0.375 per share. This represents a yield of 232.0%. The ex-dividend date of this dividend was Monday, February 2nd. Oak Valley Bancorp’s payout ratio is 26.04%.

Hedge Funds Weigh In On Oak Valley Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fourthstone LLC lifted its holdings in shares of Oak Valley Bancorp by 84.1% during the 4th quarter. Fourthstone LLC now owns 305,401 shares of the financial services provider’s stock valued at $9,180,000 after acquiring an additional 139,545 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Oak Valley Bancorp in the second quarter valued at about $319,000. Dimensional Fund Advisors LP raised its position in Oak Valley Bancorp by 6.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 142,280 shares of the financial services provider’s stock valued at $4,277,000 after purchasing an additional 8,429 shares during the period. Jane Street Group LLC acquired a new position in shares of Oak Valley Bancorp during the second quarter worth about $208,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Oak Valley Bancorp by 19.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 42,897 shares of the financial services provider’s stock valued at $1,289,000 after buying an additional 6,985 shares during the period. Institutional investors and hedge funds 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.