Oak Valley Bancorp (NASDAQ:OVLY) Announces Earnings Results

Oak Valley Bancorp (NASDAQ:OVLY) posted its quarterly earnings results on Wednesday. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, Zacks reports. Oak Valley Bancorp had a return on equity of 11.99% and a net margin of 24.80%.

Oak Valley Bancorp Stock Down 1.2%

NASDAQ OVLY opened at $32.93 on Thursday. Oak Valley Bancorp has a 12-month low of $25.41 and a 12-month high of $35.97. The firm’s 50 day moving average is $33.65 and its 200-day moving average is $32.97. The company has a market capitalization of $276.94 million, a PE ratio of 11.43 and a beta of 0.21.

Oak Valley Bancorp Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be issued a $0.375 dividend. The ex-dividend date is Monday, August 3rd. This represents a dividend yield of 228.0%. Oak Valley Bancorp’s dividend payout ratio (DPR) is 26.04%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Oak Valley Bancorp in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Institutional Investors Weigh In On Oak Valley Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC grew its stake in shares of Oak Valley Bancorp by 9.0% in the fourth quarter. AQR Capital Management LLC now owns 19,063 shares of the financial services provider’s stock valued at $573,000 after buying an additional 1,582 shares in the last quarter. Barclays PLC raised its stake in Oak Valley Bancorp by 3.4% in the fourth quarter. Barclays PLC now owns 28,594 shares of the financial services provider’s stock valued at $860,000 after buying an additional 931 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Oak Valley Bancorp in the fourth quarter valued at approximately $42,000. Fourthstone LLC boosted its stake in shares of Oak Valley Bancorp by 84.1% during the 4th quarter. Fourthstone LLC now owns 305,401 shares of the financial services provider’s stock worth $9,180,000 after acquiring an additional 139,545 shares during the period. Finally, State Street Corp raised its stake in Oak Valley Bancorp by 0.8% in the 4th quarter. State Street Corp now owns 99,225 shares of the financial services provider’s stock valued at $2,983,000 after acquiring an additional 806 shares during the period. Institutional investors own 30.86% of the company’s stock.

Oak Valley Bancorp Company Profile

Oak Valley Bancorp is the bank holding company for Oak Valley Community Bank, a California-chartered commercial bank headquartered in Lodi, California. Through its subsidiary, the company offers a full suite of banking services tailored to individuals, businesses, agricultural enterprises and nonprofit organizations. Its product portfolio includes checking and savings accounts, money market instruments, certificates of deposit and individual retirement accounts, alongside digital banking tools such as mobile and online banking platforms.

On the lending side, Oak Valley Bancorp provides commercial real estate and construction loans, agricultural and farm real estate financing, equipment leases, SBA-initiated programs and lines of credit.