Susquehanna International Group LLP Makes New $718,000 Investment in Oak Valley Bancorp (CA) $OVLY

Susquehanna International Group LLP purchased a new position in Oak Valley Bancorp (CA) (NASDAQ:OVLY) during the second quarter, HoldingsChannel reports. The firm purchased 21,275 shares of the financial services provider’s stock, valued at approximately $718,000.

Several other large investors also recently modified their holdings of the company. Hsbc Holdings PLC lifted its holdings in Oak Valley Bancorp by 9.1% in the second quarter. Hsbc Holdings PLC now owns 23,450 shares of the financial services provider’s stock valued at $786,000 after acquiring an additional 1,949 shares during the period. Algert Global LLC purchased a new stake in shares of Oak Valley Bancorp during the 2nd quarter valued at about $334,000. Bank of New York Mellon Corp purchased a new stake in shares of Oak Valley Bancorp during the 2nd quarter valued at about $618,000. Renaissance Technologies LLC lifted its stake in shares of Oak Valley Bancorp by 42.8% in the 1st quarter. Renaissance Technologies LLC now owns 35,375 shares of the financial services provider’s stock worth $1,147,000 after purchasing an additional 10,602 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Oak Valley Bancorp by 11.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 158,145 shares of the financial services provider’s stock worth $5,128,000 after purchasing an additional 15,865 shares during the period. Institutional investors own 30.86% of the company’s stock.

Insider Activity at Oak Valley Bancorp

In other Oak Valley Bancorp news, Director Gary Strong acquired 2,000 shares of the stock in a transaction dated Monday, July 27th. The shares were acquired at an average cost of $32.50 per share, for a total transaction of $65,000.00. Following the completion of the transaction, the director directly owned 14,842 shares of the company’s stock, valued at approximately $482,365. The trade was a 15.57% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last quarter, insiders bought 2,365 shares of company stock valued at $77,484 and sold 1,125 shares valued at $37,519. 13.94% of the stock is owned by insiders.

Oak Valley Bancorp Trading Down 1.1%

NASDAQ OVLY opened at $33.59 on Tuesday. Oak Valley Bancorp has a 12 month low of $25.41 and a 12 month high of $35.97. The stock has a market cap of $282.49 million, a price-to-earnings ratio of 11.91 and a beta of 0.21. The company’s 50 day moving average is $33.69 and its two-hundred day moving average is $33.39.

Oak Valley Bancorp (NASDAQ:OVLY) last posted its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.61 earnings per share for the quarter. The business had revenue of $20.61 million during the quarter. Oak Valley Bancorp had a net margin of 24.05% and a return on equity of 11.31%.

Oak Valley Bancorp Announces Dividend

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

Analyst Ratings Changes

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