Kestra Advisory Services LLC Buys 22,118 Shares of Oak Valley Bancorp (CA) $OVLY

Kestra Advisory Services LLC grew its stake in shares of Oak Valley Bancorp (CA) (NASDAQ:OVLY) by 1,578.7% in the first quarter, HoldingsChannel.com reports. The firm owned 23,519 shares of the financial services provider’s stock after buying an additional 22,118 shares during the quarter. Kestra Advisory Services LLC’s holdings in Oak Valley Bancorp were worth $763,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of Oak Valley Bancorp by 1.6% in the second quarter. Geode Capital Management LLC now owns 161,422 shares of the financial services provider’s stock worth $4,398,000 after buying an additional 2,592 shares during the period. Rhumbline Advisers boosted its position in Oak Valley Bancorp by 59.4% during the 2nd quarter. Rhumbline Advisers now owns 10,401 shares of the financial services provider’s stock valued at $283,000 after buying an additional 3,875 shares during the period. Hsbc Holdings PLC grew its holdings in Oak Valley Bancorp by 20.9% in the 2nd quarter. Hsbc Holdings PLC now owns 15,037 shares of the financial services provider’s stock worth $409,000 after acquiring an additional 2,603 shares during the last quarter. Jane Street Group LLC bought a new stake in Oak Valley Bancorp in the 2nd quarter worth $208,000. Finally, JPMorgan Chase & Co. increased its position in shares of Oak Valley Bancorp by 23.6% in the third quarter. JPMorgan Chase & Co. now owns 5,997 shares of the financial services provider’s stock valued at $169,000 after acquiring an additional 1,145 shares during the period. Institutional investors own 30.86% of the company’s stock.

Oak Valley Bancorp Stock Performance

Shares of OVLY stock opened at $32.61 on Friday. Oak Valley Bancorp has a fifty-two week low of $25.41 and a fifty-two week high of $35.97. The firm has a market cap of $274.25 million, a P/E ratio of 11.56 and a beta of 0.21. The business’s 50 day moving average price is $33.63 and its 200-day moving average price is $32.98.

Oak Valley Bancorp (NASDAQ:OVLY) last announced its earnings results on Wednesday, July 22nd. The financial services provider reported $0.61 EPS for the quarter. Oak Valley Bancorp had a return on equity of 11.49% and a net margin of 24.80%.The company had revenue of $20.61 million during the quarter.

Oak Valley Bancorp Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be given a dividend of $0.375 per share. This represents a yield of 228.0%. The ex-dividend date of this dividend is Monday, August 3rd. Oak Valley Bancorp’s payout ratio is presently 26.60%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Oak Valley Bancorp in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Oak Valley Bancorp has an average rating of “Buy”.

About Oak Valley Bancorp

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.