Seizert Capital Partners LLC Boosts Stock Position in Oak Valley Bancorp (NASDAQ:OVLY)

Seizert Capital Partners LLC increased its position in Oak Valley Bancorp (NASDAQ:OVLY) by 18.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,539 shares of the financial services provider’s stock after acquiring an additional 2,217 shares during the quarter. Seizert Capital Partners LLC owned about 0.17% of Oak Valley Bancorp worth $425,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OVLY. Charles Schwab Investment Management Inc. increased its stake in Oak Valley Bancorp by 8.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,772 shares of the financial services provider’s stock worth $608,000 after buying an additional 1,679 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Oak Valley Bancorp during the fourth quarter worth about $163,000. Valmark Advisers Inc. bought a new stake in Oak Valley Bancorp during the 4th quarter valued at approximately $1,726,000. Legato Capital Management LLC bought a new stake in Oak Valley Bancorp during the 4th quarter valued at approximately $212,000. Finally, JPMorgan Chase & Co. lifted its holdings in Oak Valley Bancorp by 123.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,755 shares of the financial services provider’s stock worth $286,000 after purchasing an additional 5,945 shares in the last quarter. Institutional investors own 30.86% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Oak Valley Bancorp Stock Down 1.6 %

OVLY opened at $25.33 on Thursday. The company has a market capitalization of $211.73 million, a PE ratio of 8.39 and a beta of 0.33. The firm has a 50-day simple moving average of $27.08 and a two-hundred day simple moving average of $27.54. Oak Valley Bancorp has a 52 week low of $23.00 and a 52 week high of $32.24.

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

Oak Valley Bancorp Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from Oak Valley Bancorp’s previous semi-annual dividend of $0.23. This represents a dividend yield of 1.7%. Oak Valley Bancorp’s dividend payout ratio (DPR) is 19.87%.

Insider Buying and Selling

In other Oak Valley Bancorp news, Director H Randolph Holder, Jr. purchased 2,393 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average price of $25.00 per share, with a total value of $59,825.00. Following the acquisition, the director now owns 150,026 shares in the company, valued at approximately $3,750,650. The trade was a 1.62 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gary Strong acquired 1,000 shares of Oak Valley Bancorp stock in a transaction on Wednesday, January 8th. The shares were bought at an average cost of $27.17 per share, for a total transaction of $27,170.00. Following the completion of the purchase, the director now directly owns 11,842 shares of the company’s stock, valued at $321,747.14. The trade was a 9.22 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 9,924 shares of company stock worth $256,577. Insiders own 19.26% 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.