StockNews.com assumed coverage on shares of Oak Valley Bancorp (NASDAQ:OVLY – Get Rating) in a research note published on Saturday morning. The brokerage issued a hold rating on the financial services provider’s stock.
OVLY stock opened at $17.15 on Friday. The business has a 50 day moving average price of $17.87 and a 200 day moving average price of $17.96. The stock has a market cap of $141.55 million, a price-to-earnings ratio of 9.80 and a beta of 0.40. Oak Valley Bancorp has a fifty-two week low of $16.77 and a fifty-two week high of $19.75.
In related news, Director H Randolph Holder, Jr. bought 5,000 shares of the stock in a transaction dated Monday, May 9th. The stock was acquired at an average price of $17.25 per share, for a total transaction of $86,250.00. Following the acquisition, the director now owns 128,469 shares in the company, valued at approximately $2,216,090.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have bought a total of 6,445 shares of company stock valued at $111,791 in the last 90 days. Insiders own 19.11% of the company’s stock.
Oak Valley Bancorp Company Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Oak Valley Bancorp (OVLY)
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