Basswood Capital Management L.L.C. purchased a new stake in Oak Valley Bancorp (NASDAQ:OVLY) in the 4th quarter, HoldingsChannel reports. The fund purchased 31,827 shares of the financial services provider’s stock, valued at approximately $622,000.
Separately, Delphi Management Inc. MA acquired a new position in Oak Valley Bancorp in the 3rd quarter valued at $307,000. 14.60% of the stock is owned by hedge funds and other institutional investors.
Oak Valley Bancorp (OVLY) opened at $21.11 on Friday. The stock has a market cap of $172.26, a price-to-earnings ratio of 18.68 and a beta of -0.02. Oak Valley Bancorp has a 12 month low of $12.71 and a 12 month high of $23.89.
The company also recently disclosed a semiannual dividend, which was paid on Friday, February 9th. Shareholders of record on Monday, January 29th were paid a $0.13 dividend. This is a boost from Oak Valley Bancorp’s previous semiannual dividend of $0.13. This represents a yield of 1.25%. The ex-dividend date was Friday, January 26th. Oak Valley Bancorp’s payout ratio is currently 23.01%.
In other Oak Valley Bancorp news, Director Ronald C. Martin sold 1,924 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $21.86, for a total value of $42,058.64. Following the transaction, the director now directly owns 205,601 shares of the company’s stock, valued at approximately $4,494,437.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 4,482 shares of company stock worth $96,139 over the last three months. 16.11% of the stock is currently owned by corporate insiders.
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Oak Valley Bancorp Profile
Oak Valley Bancorp is a bank holding company. The Company operates through its subsidiary, Oak Valley Community Bank (the Bank). The Bank operates in two primary business segments: Retail Banking and Commercial Banking. The Retail Banking segment offers a range of checking and savings accounts, including Negotiable Order of Withdrawal accounts, money market accounts, overdraft protection, health savings accounts, certificates of deposit and Individual Retirement Accounts.
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