Susquehanna International Group LLP Purchases New Shares in Oak Valley Bancorp (CA) $OVLY

Susquehanna International Group LLP acquired a new position in Oak Valley Bancorp (CA) (NASDAQ:OVLY) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 21,275 shares of the financial services provider’s stock, valued at approximately $718,000. Susquehanna International Group LLP owned approximately 0.25% of Oak Valley Bancorp at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kestra Advisory Services LLC increased its position in shares of Oak Valley Bancorp by 1,578.7% during the first quarter. Kestra Advisory Services LLC now owns 23,519 shares of the financial services provider’s stock valued at $763,000 after buying an additional 22,118 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Oak Valley Bancorp by 11.2% in the first quarter. Dimensional Fund Advisors LP now owns 158,145 shares of the financial services provider’s stock worth $5,128,000 after buying an additional 15,865 shares during the period. State Street Corp boosted its position 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 acquiring an additional 806 shares in the last quarter. AQR Capital Management LLC boosted its position in Oak Valley Bancorp by 9.0% during the 4th quarter. AQR Capital Management LLC now owns 19,063 shares of the financial services provider’s stock valued at $573,000 after acquiring an additional 1,582 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Oak Valley Bancorp by 27.4% during the 3rd quarter. Bank of America Corp DE now owns 16,329 shares of the financial services provider’s stock worth $460,000 after acquiring an additional 3,510 shares during the period. 30.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Oak Valley Bancorp

In other news, Director Gary Strong purchased 2,000 shares of Oak Valley Bancorp stock in a transaction that occurred on Monday, July 27th. The stock was bought at an average price of $32.50 per share, with a total value 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have purchased 2,365 shares of company stock worth $77,484 and have sold 1,125 shares worth $37,519. 13.94% of the stock is currently owned by insiders.

Oak Valley Bancorp Stock Down 1.1%

Oak Valley Bancorp stock opened at $33.59 on Tuesday. Oak Valley Bancorp has a twelve month low of $25.41 and a twelve month high of $35.97. The company has a market capitalization of $282.49 million, a P/E ratio of 11.91 and a beta of 0.21. The stock’s 50 day moving average is $33.69 and its 200 day moving average is $33.39.

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

Oak Valley Bancorp Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Oak Valley Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Oak Valley Bancorp 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.