Oak Valley Bancorp (NASDAQ: OVLY) has reported earnings for its fourth fiscal quarter (ending December 31) of $0.72 versus $1.16 for the same period a year ago — a decline of -38%. For the latest four quarters through December 31, E.P.S. were $3.76 versus $2.80 for the same period a year ago — an increase of 34%.
Recent Price Action
Oak Valley Bancorp (NASDAQ: OVLY) stock closed at $25.58 on 1/19/24 after a decline of -3.4%. Moreover, this decline was accompanied by unusually high trading volume at 167% of normal. The stock has declined -7.3% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, OVLY is expected to continue to be a Value Builder.
Oak Valley Bancorp has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Oak Valley Bancorp has a neutral Appreciation Score of 55 but a good Power Rating of 79, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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