Oak Valley Bancorp (NASDAQ:OVLY) Receives New Coverage from Analysts at StockNews.com

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.

Several institutional investors have recently made changes to their positions in the company. UBS Group AG grew its holdings in shares of Oak Valley Bancorp by 8.5% during the first quarter. UBS Group AG now owns 7,956 shares of the financial services provider’s stock worth $147,000 after buying an additional 624 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Oak Valley Bancorp by 8.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 11,433 shares of the financial services provider’s stock worth $199,000 after acquiring an additional 886 shares during the period. BHZ Capital Management LP grew its stake in shares of Oak Valley Bancorp by 3.3% in the 1st quarter. BHZ Capital Management LP now owns 43,238 shares of the financial services provider’s stock valued at $798,000 after purchasing an additional 1,400 shares during the last quarter. CWM LLC acquired a new position in shares of Oak Valley Bancorp in the fourth quarter valued at approximately $30,000. Finally, Royal Bank of Canada raised its stake in shares of Oak Valley Bancorp by 325.5% during the second quarter. Royal Bank of Canada now owns 2,472 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 1,891 shares during the last quarter. 26.27% of the stock is currently owned by institutional investors and hedge funds.

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.

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