Oak Valley Bancorp (CA) (NASDAQ:OVLY) Announces Dividend of $0.38

Oak Valley Bancorp (CA) (NASDAQ:OVLY) declared a dividend on Wednesday, July 22nd. Investors of record on Monday, August 3rd will be paid a dividend of 0.375 per share by the financial services provider on Friday, August 14th. This represents a dividend yield of 228.0%. The ex-dividend date of this dividend is Monday, August 3rd.

Oak Valley Bancorp has raised its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 11 years.

Oak Valley Bancorp Stock Performance

Shares of NASDAQ OVLY opened at $32.93 on Thursday. The stock has a market capitalization of $276.94 million, a P/E ratio of 11.43 and a beta of 0.21. The stock’s fifty day moving average is $33.65 and its 200 day moving average is $32.97. Oak Valley Bancorp has a 52 week low of $25.41 and a 52 week high of $35.97.

Oak Valley Bancorp (NASDAQ:OVLY) last released its earnings results on Wednesday, July 22nd. The financial services provider reported $0.61 EPS for the quarter. Oak Valley Bancorp had a net margin of 24.80% and a return on equity of 11.99%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in OVLY. Kestra Advisory Services LLC bought a new position in Oak Valley Bancorp in the 4th quarter valued at approximately $42,000. BNP Paribas Financial Markets boosted its position in Oak Valley Bancorp by 123.4% in the third quarter. BNP Paribas Financial Markets now owns 2,708 shares of the financial services provider’s stock valued at $76,000 after buying an additional 1,496 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Oak Valley Bancorp by 23.6% during the third quarter. JPMorgan Chase & Co. now owns 5,997 shares of the financial services provider’s stock worth $169,000 after buying an additional 1,145 shares during the last quarter. Legato Capital Management LLC bought a new stake in shares of Oak Valley Bancorp during the fourth quarter worth $207,000. Finally, Jane Street Group LLC acquired a new position in shares of Oak Valley Bancorp during the second quarter worth $208,000. Institutional investors own 30.86% of the company’s stock.

About Oak Valley Bancorp

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.