Oak Valley Bancorp (NASDAQ:OVLY) Director Acquires $59,825.00 in Stock

Oak Valley Bancorp (NASDAQ:OVLY) Director H Randolph Holder, Jr. bought 2,393 shares of the company’s stock in a transaction on Monday, February 10th. The shares were acquired at an average price of $25.00 per share, with a total value of $59,825.00. Following the transaction, the director now directly owns 150,026 shares of the company’s stock, valued at approximately $3,750,650. This trade represents a 1.62 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Oak Valley Bancorp Trading Up 1.7 %

Shares of OVLY opened at $28.31 on Friday. The firm has a fifty day moving average price of $27.67 and a 200-day moving average price of $27.43. The firm has a market capitalization of $236.67 million, a P/E ratio of 9.37 and a beta of 0.33. Oak Valley Bancorp has a 12-month low of $22.91 and a 12-month high of $32.24.

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

Oak Valley Bancorp Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a yield of 1.7%. This is a boost from Oak Valley Bancorp’s previous semi-annual dividend of $0.23. Oak Valley Bancorp’s dividend payout ratio is 19.87%.

Institutional Investors Weigh In On Oak Valley Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of OVLY. Tower Research Capital LLC TRC grew its position in shares of Oak Valley Bancorp by 190.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,506 shares of the financial services provider’s stock worth $44,000 after buying an additional 987 shares in the last quarter. Sierra Ocean LLC purchased a new stake in Oak Valley Bancorp in the fourth quarter worth about $163,000. Legato Capital Management LLC bought a new position in Oak Valley Bancorp during the 4th quarter worth about $212,000. Wells Fargo & Company MN increased its position in Oak Valley Bancorp by 12.2% during the 4th quarter. Wells Fargo & Company MN now owns 8,000 shares of the financial services provider’s stock valued at $234,000 after purchasing an additional 872 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in shares of Oak Valley Bancorp by 9.4% in the 4th quarter. Hsbc Holdings PLC now owns 9,330 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 803 shares in the last quarter. 30.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Oak Valley Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday.

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.