Oak Valley Bancorp (NASDAQ:OVLY) Director Don Barton Sells 375 Shares

Oak Valley Bancorp (CA) (NASDAQ:OVLY) Director Don Barton sold 375 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $32.72, for a total transaction of $12,270.00. Following the sale, the director owned 29,975 shares of the company’s stock, valued at $980,782. This represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Friday, June 26th, Don Barton sold 375 shares of Oak Valley Bancorp stock. The stock was sold at an average price of $33.26, for a total transaction of $12,472.50.
• On Tuesday, May 26th, Don Barton sold 375 shares of Oak Valley Bancorp stock. The stock was sold at an average price of $33.77, for a total transaction of $12,663.75.

Oak Valley Bancorp Trading Up 3.6%

OVLY stock opened at $34.35 on Wednesday. The firm’s 50-day moving average price is $33.65 and its two-hundred day moving average price is $33.05. Oak Valley Bancorp has a 12-month low of $25.41 and a 12-month high of $35.97. The stock has a market capitalization of $288.99 million, a price-to-earnings ratio of 12.18 and a beta of 0.21.

Oak Valley Bancorp (NASDAQ:OVLY) last posted its earnings results on Wednesday, July 22nd. The financial services provider reported $0.61 earnings per share 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 Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Oak Valley Bancorp in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Oak Valley Bancorp currently has a consensus rating of “Buy”.

Hedge Funds Weigh In On Oak Valley Bancorp

Hedge funds have recently bought and sold shares of the company. State Street Corp boosted its stake 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 valued at $2,983,000 after purchasing an additional 806 shares during the last quarter. Barclays PLC raised its stake in shares of Oak Valley Bancorp by 3.4% in the fourth quarter. Barclays PLC now owns 28,594 shares of the financial services provider’s stock worth $860,000 after purchasing an additional 931 shares during the last quarter. Citadel Advisors LLC raised its stake in shares of Oak Valley Bancorp by 4.1% in the third quarter. Citadel Advisors LLC now owns 28,596 shares of the financial services provider’s stock worth $806,000 after purchasing an additional 1,136 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings 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 valued at $169,000 after purchasing an additional 1,145 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings 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 valued at $414,000 after purchasing an additional 1,300 shares in the last quarter. 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.