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 9,400 shares, a decrease of 22.3% from the December 15th total of 12,100 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 6,000 shares, the short-interest ratio is currently 1.6 days.
In other Oak Valley Bancorp news, Director H Randolph Holder, Jr. acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 28th. The stock was purchased at an average cost of $17.50 per share, for a total transaction of $87,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders purchased 8,131 shares of company stock valued at $142,987 over the last quarter. 18.58% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. M3F Inc. lifted its position in Oak Valley Bancorp by 1.4% during the 3rd quarter. M3F Inc. now owns 288,018 shares of the financial services provider’s stock worth $5,046,000 after acquiring an additional 4,022 shares during the last quarter. Fourthstone LLC acquired a new position in Oak Valley Bancorp during the 3rd quarter worth $390,000. Geode Capital Management LLC lifted its position in Oak Valley Bancorp by 20.2% during the 3rd quarter. Geode Capital Management LLC now owns 47,345 shares of the financial services provider’s stock worth $841,000 after acquiring an additional 7,963 shares during the last quarter. Alliancebernstein L.P. lifted its position in Oak Valley Bancorp by 117.2% during the 3rd quarter. Alliancebernstein L.P. now owns 26,061 shares of the financial services provider’s stock worth $457,000 after acquiring an additional 14,061 shares during the last quarter. Finally, BHZ Capital Management LP lifted its position in Oak Valley Bancorp by 37.0% during the 3rd quarter. BHZ Capital Management LP now owns 41,566 shares of the financial services provider’s stock worth $729,000 after acquiring an additional 11,224 shares during the last quarter. 24.52% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:OVLY opened at $17.97 on Wednesday. The company has a market capitalization of $148.05 million, a PE ratio of 8.40 and a beta of 0.47. Oak Valley Bancorp has a 1 year low of $15.14 and a 1 year high of $20.55. The stock has a fifty day simple moving average of $17.58.
Oak Valley Bancorp (NASDAQ:OVLY) last released its earnings results on Thursday, October 21st. The financial services provider reported $0.56 earnings per share for the quarter. The firm had revenue of $14.60 million during the quarter. Oak Valley Bancorp had a net margin of 31.40% and a return on equity of 13.02%.
Oak Valley Bancorp Company Profile
Oak Valley Bancorp is a bank holding company, which operates through its subsidiary, Oak Valley Community Bank offers commercial banking services. It offers checking and savings, money markets, home loans, home equity loans, consumer loans, debit master card, telephone banking, mobile banking, commercial loans, agricultural loans, small business loans, and payroll services.