Oak Valley Bancorp (OVLY) Director H Randolph Holder, Jr. Buys 2,000 Shares of Stock

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Oak Valley Bancorp (NASDAQ:OVLY) Director H Randolph Holder, Jr. acquired 2,000 shares of the stock in a transaction that occurred on Wednesday, October 31st. The shares were bought at an average price of $17.95 per share, for a total transaction of $35,900.00. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Oak Valley Bancorp stock opened at $18.15 on Thursday. The company has a market cap of $155.40 million, a P/E ratio of 13.76 and a beta of -0.07. Oak Valley Bancorp has a twelve month low of $16.70 and a twelve month high of $25.65.

Oak Valley Bancorp (NASDAQ:OVLY) last released its quarterly earnings results on Thursday, October 18th. The financial services provider reported $0.39 earnings per share for the quarter. Oak Valley Bancorp had a net margin of 22.45% and a return on equity of 12.08%. The business had revenue of $11.08 million for the quarter.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OVLY. Millennium Management LLC bought a new position in Oak Valley Bancorp in the first quarter worth approximately $1,655,000. Bank of New York Mellon Corp bought a new position in Oak Valley Bancorp in the second quarter worth approximately $492,000. Schwab Charles Investment Management Inc. bought a new position in Oak Valley Bancorp in the second quarter worth approximately $300,000. BlackRock Inc. raised its position in Oak Valley Bancorp by 5,893.0% in the second quarter. BlackRock Inc. now owns 286,225 shares of the financial services provider’s stock worth $6,546,000 after acquiring an additional 281,449 shares during the period. Finally, Northern Trust Corp bought a new position in Oak Valley Bancorp in the second quarter worth approximately $316,000. Institutional investors and hedge funds own 20.11% of the company’s stock.

Separately, ValuEngine downgraded shares of Oak Valley Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th.

About Oak Valley Bancorp

Oak Valley Bancorp operates as the bank holding company for Oak Valley Community Bank that provides banking products and services to individuals and business enterprises in Oakdale, California and surrounding areas. The company accepts various deposits products, such as checking and savings, money market, health savings, and individual retirement accounts, as well as certificates of deposit.

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