Insider Buying: Oak Valley Bancorp (NASDAQ:OVLY) Director Purchases $65,000.00 in Stock

Oak Valley Bancorp (CA) (NASDAQ:OVLY) Director Gary Strong purchased 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The stock was bought at an average cost of $32.50 per share, for a total transaction of $65,000.00. Following the completion of the acquisition, the director directly owned 14,842 shares in the company, valued at $482,365. The trade was a 15.57% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Oak Valley Bancorp Stock Performance

NASDAQ OVLY opened at $33.41 on Friday. Oak Valley Bancorp has a 52-week low of $25.41 and a 52-week high of $35.97. The company has a 50-day simple moving average of $33.65 and a 200 day simple moving average of $33.10. The company has a market capitalization of $280.98 million, a PE ratio of 11.85 and a beta of 0.21.

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

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 issued a $0.375 dividend. This represents a dividend yield of 228.0%. The ex-dividend date of this dividend is Monday, August 3rd. Oak Valley Bancorp’s payout ratio is 26.60%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Oak Valley Bancorp in a report on Wednesday, July 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Institutional Investors Weigh In On Oak Valley Bancorp

Several institutional investors have recently added to or reduced their stakes in the business. State Street Corp increased its stake in shares of Oak Valley Bancorp by 0.8% in the fourth 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 in the last quarter. Barclays PLC raised its position 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 valued at $860,000 after purchasing an additional 931 shares during the period. Citadel Advisors LLC lifted 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 in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Oak Valley Bancorp by 23.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,997 shares of the financial services provider’s stock valued at $169,000 after buying an additional 1,145 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in Oak Valley Bancorp by 10.4% in the 4th 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 during the period. 30.86% of the stock is owned by hedge funds and other institutional investors.

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.