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

Oak Valley Bancorp (NASDAQ:OVLY) Director Don Barton sold 375 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $27.39, for a total transaction of $10,271.25. Following the transaction, the director now directly owns 35,625 shares in the company, valued at $975,768.75. This trade represents a 1.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Oak Valley Bancorp Price Performance

OVLY opened at $28.31 on Monday. The firm has a fifty day moving average price of $27.67 and a 200 day moving average price of $27.41. The stock has a market cap of $236.67 million, a P/E ratio of 9.37 and a beta of 0.33. Oak Valley Bancorp has a 1 year low of $22.91 and a 1 year high of $32.24.

Oak Valley Bancorp (NASDAQ:OVLY) last released its earnings results on Friday, January 24th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter. Oak Valley Bancorp had a net margin of 28.03% and a return on equity of 14.28%.

Oak Valley Bancorp Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $0.30 per share. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from Oak Valley Bancorp’s previous semi-annual dividend of $0.23. Oak Valley Bancorp’s dividend payout ratio is currently 19.87%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Oak Valley Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, February 11th.

Institutional Trading of Oak Valley Bancorp

Hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its stake in Oak Valley Bancorp by 190.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,506 shares of the financial services provider’s stock valued at $44,000 after buying an additional 987 shares during the period. Sierra Ocean LLC purchased a new stake in shares of Oak Valley Bancorp during the 4th quarter worth $163,000. Legato Capital Management LLC purchased a new stake in shares of Oak Valley Bancorp during the 4th quarter worth $212,000. Wells Fargo & Company MN boosted its position in shares of Oak Valley Bancorp by 12.2% during the 4th quarter. Wells Fargo & Company MN now owns 8,000 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 872 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of Oak Valley Bancorp by 9.4% during the 4th quarter. Hsbc Holdings PLC now owns 9,330 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 803 shares in the last quarter. Institutional investors and hedge funds own 30.86% of the company’s stock.

About Oak Valley Bancorp

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.