Oak Valley Bancorp (NASDAQ:OVLY) Director Sells 375 Shares of Stock

Oak Valley Bancorp (CA) (NASDAQ:OVLY) Director Don Barton sold 375 shares of Oak Valley Bancorp stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $32.72, for a total transaction of $12,270.00. Following the sale, the director owned 29,975 shares of the company’s stock, valued at approximately $980,782. This represents a 1.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Don Barton also recently made the following trade(s):

• On Friday, June 26th, Don Barton sold 375 shares of Oak Valley Bancorp stock. The stock was sold at an average price of $33.26, for a total transaction of $12,472.50.
• On Tuesday, May 26th, Don Barton sold 375 shares of Oak Valley Bancorp stock. The shares were sold at an average price of $33.77, for a total transaction of $12,663.75.

Oak Valley Bancorp Stock Up 3.3%

OVLY stock traded up $1.11 during midday trading on Tuesday, reaching $34.26. The company’s stock had a trading volume of 11,347 shares, compared to its average volume of 33,565. Oak Valley Bancorp has a 52 week low of $25.41 and a 52 week high of $35.97. The stock has a market cap of $288.12 million, a PE ratio of 12.19 and a beta of 0.21. The business’s 50-day simple moving average is $33.63 and its 200-day simple moving average is $33.02.

Oak Valley Bancorp (NASDAQ:OVLY) last issued 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 net margin of 24.80% and a return on equity of 11.49%.

Oak Valley Bancorp Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC grew its position in shares of Oak Valley Bancorp by 1,578.7% in the 1st quarter. Kestra Advisory Services LLC now owns 23,519 shares of the financial services provider’s stock valued at $763,000 after purchasing an additional 22,118 shares during the period. Hsbc Holdings PLC lifted its stake in Oak Valley Bancorp by 10.0% in the fourth quarter. Hsbc Holdings PLC now owns 23,513 shares of the financial services provider’s stock valued at $716,000 after buying an additional 2,138 shares in the last quarter. Legato Capital Management LLC bought a new position in Oak Valley Bancorp in the fourth quarter valued at approximately $207,000. JPMorgan Chase & Co. boosted its holdings 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 buying an additional 1,145 shares during the period. Finally, Martingale Asset Management L P boosted its holdings in shares of Oak Valley Bancorp by 12.1% in the fourth quarter. Martingale Asset Management L P now owns 12,971 shares of the financial services provider’s stock valued at $390,000 after buying an additional 1,400 shares during the period. 30.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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.