Insider Selling: Oak Valley Bancorp (NASDAQ:OVLY) Director Sells $12,270.00 in Stock

Oak Valley Bancorp (CA) (NASDAQ:OVLY) Director Don Barton sold 375 shares of the company’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $32.72, for a total value of $12,270.00. Following the completion of the sale, the director directly owned 29,975 shares of the company’s stock, valued at $980,782. The trade was a 1.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Don Barton also recently made the following trade(s):

• On Friday, June 26th, Don Barton sold 375 shares of Oak Valley Bancorp stock. The shares were sold at an average price of $33.26, for a total value of $12,472.50.
• On Tuesday, May 26th, Don Barton sold 375 shares of Oak Valley Bancorp stock. The shares were sold at an average price of $33.77, for a total value of $12,663.75.

Oak Valley Bancorp Stock Performance

Oak Valley Bancorp stock opened at $33.41 on Friday. The stock’s 50 day moving average price is $33.65 and its 200 day moving average price is $33.10. The firm has a market capitalization of $280.98 million, a PE ratio of 11.85 and a beta of 0.21. Oak Valley Bancorp has a one year low of $25.41 and a one year high of $35.97.

Oak Valley Bancorp (NASDAQ:OVLY) last issued its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.61 earnings per share (EPS) for the quarter. The company had revenue of $20.61 million during the quarter. Oak Valley Bancorp had a net margin of 24.80% and a return on equity of 11.49%.

Oak Valley Bancorp Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be paid a $0.375 dividend. The ex-dividend date is Monday, August 3rd. This represents a dividend yield of 228.0%. Oak Valley Bancorp’s dividend payout ratio is 26.60%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Oak Valley Bancorp in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of OVLY. State Street Corp increased its holdings in Oak Valley Bancorp by 0.8% during the 4th quarter. State Street Corp now owns 99,225 shares of the financial services provider’s stock worth $2,983,000 after purchasing an additional 806 shares during the last quarter. Barclays PLC boosted its stake in shares of Oak Valley Bancorp by 3.4% during the 4th quarter. Barclays PLC now owns 28,594 shares of the financial services provider’s stock valued at $860,000 after buying an additional 931 shares during the last quarter. Citadel Advisors LLC boosted its stake in shares of Oak Valley Bancorp by 4.1% during the 3rd quarter. Citadel Advisors LLC now owns 28,596 shares of the financial services provider’s stock valued at $806,000 after buying an additional 1,136 shares during the last quarter. JPMorgan Chase & Co. grew its position 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 in the last quarter. Finally, LPL Financial LLC grew its position in shares of Oak Valley Bancorp by 10.4% during the fourth quarter. LPL Financial LLC now owns 13,775 shares of the financial services provider’s stock worth $414,000 after buying an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 30.86% of the company’s stock.

Oak Valley Bancorp Company Profile

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.