Oak Valley Bancorp (NASDAQ:OVLY) Director Don Barton Sells 375 Shares

Oak Valley Bancorp (NASDAQ:OVLY) Director Don Barton sold 375 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $27.39, for a total value of $10,271.25. Following the completion of the sale, the director now directly owns 35,625 shares in the company, valued at approximately $975,768.75. This represents a 1.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Oak Valley Bancorp Stock Performance

Oak Valley Bancorp stock opened at $28.31 on Friday. The firm has a market cap of $236.67 million, a P/E ratio of 9.37 and a beta of 0.33. The business’s fifty day moving average is $27.67 and its two-hundred day moving average is $27.43. 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 quarterly earnings data on Friday, January 24th. The financial services provider reported $0.73 EPS for the quarter. Oak Valley Bancorp had a return on equity of 14.28% and a net margin of 28.03%.

Oak Valley Bancorp Increases Dividend

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Oak Valley Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its position in shares of Oak Valley Bancorp by 190.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,506 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 987 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Oak Valley Bancorp during the fourth quarter worth $163,000. Legato Capital Management LLC bought a new stake in shares of Oak Valley Bancorp during the fourth quarter worth $212,000. Wells Fargo & Company MN raised its position in shares of Oak Valley Bancorp by 12.2% during the fourth quarter. Wells Fargo & Company MN now owns 8,000 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 872 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of Oak Valley Bancorp by 9.4% during the fourth quarter. Hsbc Holdings PLC now owns 9,330 shares of the financial services provider’s stock worth $281,000 after acquiring an additional 803 shares during the last quarter. Institutional investors own 30.86% 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.