Oak Valley Bancorp (NASDAQ:OVLY) Director Buys $25,500.00 in Stock

Oak Valley Bancorp (NASDAQ:OVLY) Director Daniel J. Leonard acquired 1,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $25.50 per share, for a total transaction of $25,500.00. Following the acquisition, the director now owns 60,223 shares of the company’s stock, valued at approximately $1,535,686.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Oak Valley Bancorp Price Performance

Shares of OVLY stock traded up $0.55 during midday trading on Friday, hitting $26.38. The company had a trading volume of 15,136 shares, compared to its average volume of 12,708. The stock has a market cap of $220.54 million, a price-to-earnings ratio of 7.97 and a beta of 0.35. The company’s 50 day simple moving average is $24.90 and its 200 day simple moving average is $24.62. Oak Valley Bancorp has a 52-week low of $22.91 and a 52-week high of $30.70.

Oak Valley Bancorp (NASDAQ:OVLY) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.71 earnings per share for the quarter. The company had revenue of $19.05 million for the quarter. Oak Valley Bancorp had a return on equity of 15.92% and a net margin of 31.38%.

Oak Valley Bancorp Announces Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Friday, August 9th. Shareholders of record on Monday, July 29th were issued a $0.225 dividend. The ex-dividend date was Monday, July 29th. This represents a yield of 1.7%. Oak Valley Bancorp’s dividend payout ratio (DPR) is 13.60%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of OVLY. Empowered Funds LLC increased its holdings in Oak Valley Bancorp by 7.9% in the 1st quarter. Empowered Funds LLC now owns 33,608 shares of the financial services provider’s stock valued at $833,000 after purchasing an additional 2,450 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Oak Valley Bancorp by 13.5% during the second quarter. Bank of New York Mellon Corp now owns 26,289 shares of the financial services provider’s stock worth $656,000 after purchasing an additional 3,124 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Oak Valley Bancorp in the fourth quarter valued at $110,000. BNP Paribas Financial Markets grew its holdings in Oak Valley Bancorp by 68.4% during the 4th quarter. BNP Paribas Financial Markets now owns 11,364 shares of the financial services provider’s stock valued at $340,000 after purchasing an additional 4,616 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Oak Valley Bancorp by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 376,840 shares of the financial services provider’s stock worth $9,338,000 after buying an additional 6,782 shares during the period. Institutional investors and hedge funds own 30.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Oak Valley Bancorp from a “hold” rating to a “sell” rating in a report on Friday.

Oak Valley Bancorp Company Profile

Oak Valley Bancorp operates as the bank holding company for Oak Valley Community Bank that provides a range of commercial banking services to individuals and small to medium-sized businesses in the Central Valley and the Eastern Sierras. The company's deposits products include checking and savings, money market, health savings, and individual retirement accounts, as well as certificates of deposit.