Oak Valley Bancorp (OVLY) to Issue Semi-annual Dividend of $0.30 on February 14th

Oak Valley Bancorp (NASDAQ:OVLY) announced a semi-annual dividend on Tuesday, January 21st,Wall Street Journal reports. Shareholders of record on Monday, February 3rd will be given a dividend of 0.30 per share by the financial services provider on Friday, February 14th. This represents a yield of 1.7%. The ex-dividend date is Monday, February 3rd. This is an increase from Oak Valley Bancorp’s previous semi-annual dividend of $0.23.

Oak Valley Bancorp has increased its dividend by an average of 15.8% per year over the last three years.

Oak Valley Bancorp Trading Down 0.4 %

Shares of Oak Valley Bancorp stock opened at $25.87 on Friday. The business’s fifty day simple moving average is $28.57 and its 200 day simple moving average is $27.44. Oak Valley Bancorp has a 12 month low of $22.91 and a 12 month high of $32.24. The firm has a market capitalization of $216.25 million, a P/E ratio of 8.57 and a beta of 0.35.

Oak Valley Bancorp (NASDAQ:OVLY) last issued its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.73 earnings per share for the quarter. Oak Valley Bancorp had a net margin of 28.03% and a return on equity of 14.28%.

Insider Activity

In other Oak Valley Bancorp news, Director Gary Strong purchased 1,000 shares of the stock in a transaction dated Wednesday, January 8th. The shares were bought at an average price of $27.17 per share, with a total value of $27,170.00. Following the completion of the transaction, the director now directly owns 11,842 shares in the company, valued at approximately $321,747.14. This trade represents a 9.22 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director H Randolph Holder, Jr. purchased 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average price of $25.97 per share, for a total transaction of $155,820.00. Following the completion of the purchase, the director now directly owns 147,633 shares in the company, valued at $3,834,029.01. This represents a 4.24 % increase in their position. The disclosure for this purchase can be found here. Insiders own 19.26% of the company’s stock.

Oak Valley Bancorp Company Profile

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.