Gary Strong Purchases 2,000 Shares of Oak Valley Bancorp (NASDAQ:OVLY) Stock

Oak Valley Bancorp (CA) (NASDAQ:OVLY) Director Gary Strong purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The shares were purchased at an average cost of $32.50 per share, for a total transaction of $65,000.00. Following the purchase, the director directly owned 14,842 shares in the company, valued at $482,365. This trade represents a 15.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Oak Valley Bancorp Stock Performance

Shares of OVLY opened at $33.78 on Thursday. Oak Valley Bancorp has a one year low of $25.41 and a one year high of $35.97. The stock has a 50-day moving average price of $33.66 and a 200 day moving average price of $33.08. The company has a market capitalization of $284.09 million, a P/E ratio of 11.98 and a beta of 0.21.

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

Oak Valley Bancorp Announces Dividend

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

Hedge Funds Weigh In On Oak Valley Bancorp

A number of hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC acquired a new stake in shares of Oak Valley Bancorp during the fourth quarter worth $42,000. BNP Paribas Financial Markets lifted its position in shares of Oak Valley Bancorp by 123.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,708 shares of the financial services provider’s stock worth $76,000 after buying an additional 1,496 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Oak Valley Bancorp by 23.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,997 shares of the financial services provider’s stock valued at $169,000 after buying an additional 1,145 shares during the period. Legato Capital Management LLC acquired a new position in shares of Oak Valley Bancorp in the 4th quarter valued at about $207,000. Finally, Jane Street Group LLC bought a new stake in shares of Oak Valley Bancorp during the 2nd quarter valued at about $208,000. Institutional investors and hedge funds own 30.86% of the company’s stock.

Wall Street Analysts Forecast Growth

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 company has a consensus 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.