Oak Valley Bancorp (NASDAQ:OVLY) Sees Large Decrease in Short Interest

Oak Valley Bancorp (NASDAQ:OVLY) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 28,000 shares, a decrease of 15.4% from the December 15th total of 33,100 shares. Based on an average daily volume of 10,800 shares, the days-to-cover ratio is currently 2.6 days. Currently, 0.4% of the shares of the company are short sold.

Insider Activity at Oak Valley Bancorp

In related news, Director Gary Strong acquired 1,000 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was purchased at an average cost of $27.17 per share, with a total value of $27,170.00. Following the completion of the acquisition, the director now directly owns 11,842 shares of the company’s stock, valued at approximately $321,747.14. This trade represents a 9.22 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 19.26% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Oak Valley Bancorp

Several institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in Oak Valley Bancorp by 123.6% during the third quarter. JPMorgan Chase & Co. now owns 10,755 shares of the financial services provider’s stock valued at $286,000 after buying an additional 5,945 shares during the period. Fourthstone LLC purchased a new position in shares of Oak Valley Bancorp during the 3rd quarter worth $295,000. Seizert Capital Partners LLC bought a new stake in shares of Oak Valley Bancorp during the 3rd quarter valued at $327,000. Barclays PLC increased its stake in shares of Oak Valley Bancorp by 122.8% in the 3rd quarter. Barclays PLC now owns 15,368 shares of the financial services provider’s stock worth $408,000 after purchasing an additional 8,471 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Oak Valley Bancorp by 13.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 26,289 shares of the financial services provider’s stock worth $656,000 after purchasing an additional 3,124 shares during the period. Institutional investors own 30.86% of the company’s stock.

Oak Valley Bancorp Trading Down 1.3 %

NASDAQ:OVLY traded down $0.34 during trading hours on Thursday, reaching $26.14. The company had a trading volume of 7,297 shares, compared to its average volume of 10,280. The firm has a market cap of $218.53 million, a price-to-earnings ratio of 8.71 and a beta of 0.35. The firm’s 50 day moving average price is $29.40 and its 200-day moving average price is $27.31. Oak Valley Bancorp has a 52 week low of $22.91 and a 52 week high of $32.24.

Oak Valley Bancorp (NASDAQ:OVLY) last posted its earnings results on Friday, October 18th. The financial services provider reported $0.89 earnings per share for the quarter. The company had revenue of $19.50 million for the quarter. Oak Valley Bancorp had a return on equity of 14.38% and a net margin of 28.03%.

About Oak Valley Bancorp

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.