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

Oak Valley Bancorp (CA) (NASDAQ:OVLY) Director Don Barton sold 375 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $34.07, for a total transaction of $12,776.25. Following the completion of the sale, the director owned 29,600 shares of the company’s stock, valued at $1,008,472. This trade represents a 1.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through 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 Monday, July 27th, Don Barton sold 375 shares of Oak Valley Bancorp stock. The stock was sold at an average price of $32.72, for a total value of $12,270.00.
• 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.

Oak Valley Bancorp Stock Down 0.2%

Shares of NASDAQ OVLY traded down $0.06 during mid-day trading on Friday, reaching $33.98. 20,014 shares of the company were exchanged, compared to its average volume of 32,883. The company’s 50-day simple moving average is $33.68 and its 200-day simple moving average is $33.39. The stock has a market capitalization of $285.87 million, a P/E ratio of 12.05 and a beta of 0.21. Oak Valley Bancorp has a twelve month low of $25.41 and a twelve month 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 return on equity of 11.31% and a net margin of 24.05%.

Oak Valley Bancorp Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were paid a $0.375 dividend. The ex-dividend date was Monday, August 3rd. This represents a yield of 223.0%. Oak Valley Bancorp’s payout ratio is 26.60%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of Oak Valley Bancorp by 0.8% in the 4th quarter. State Street Corp now owns 99,225 shares of the financial services provider’s stock valued at $2,983,000 after purchasing an additional 806 shares in the last quarter. Barclays PLC increased its position in Oak Valley Bancorp by 3.4% during the 4th quarter. Barclays PLC now owns 28,594 shares of the financial services provider’s stock worth $860,000 after purchasing an additional 931 shares in the last quarter. Citadel Advisors LLC lifted its stake in Oak Valley Bancorp by 4.1% in the 3rd quarter. Citadel Advisors LLC now owns 28,596 shares of the financial services provider’s stock valued at $806,000 after purchasing an additional 1,136 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Oak Valley Bancorp by 23.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,997 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 1,145 shares during the last quarter. Finally, LPL Financial LLC boosted its position in Oak Valley Bancorp by 10.4% in the fourth quarter. LPL Financial LLC now owns 13,775 shares of the financial services provider’s stock valued at $414,000 after buying an additional 1,300 shares in the last quarter. Institutional investors own 30.86% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Oak Valley Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, August 14th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy”.

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.