Oak Valley Bancorp (NASDAQ:OVLY) Director H Randolph Holder, Jr. Acquires 6,000 Shares

Oak Valley Bancorp (NASDAQ:OVLY) Director H Randolph Holder, Jr. bought 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were purchased at an average cost of $25.97 per share, with a total value of $155,820.00. Following the purchase, the director now directly owns 147,633 shares of the company’s stock, valued at approximately $3,834,029.01. This represents a 4.24 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Oak Valley Bancorp Stock Down 0.4 %

Shares of NASDAQ OVLY traded down $0.11 during mid-day trading on Friday, hitting $25.87. 15,876 shares of the company traded hands, compared to its average volume of 14,729. Oak Valley Bancorp has a 1 year low of $22.91 and a 1 year high of $32.24. The stock has a market capitalization of $216.27 million, a price-to-earnings ratio of 8.57 and a beta of 0.35. The business has a 50 day moving average of $28.67 and a two-hundred day moving average of $27.45.

Oak Valley Bancorp (NASDAQ:OVLY) last announced its earnings results on Friday, January 24th. The financial services provider reported $0.73 EPS for the quarter. Oak Valley Bancorp had a return on equity of 14.28% and a net margin of 28.03%.

Oak Valley Bancorp Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a $0.30 dividend. This is an increase from Oak Valley Bancorp’s previous semi-annual dividend of $0.23. This represents a yield of 1.7%. The ex-dividend date is Monday, February 3rd. Oak Valley Bancorp’s dividend payout ratio is currently 14.90%.

Institutional Investors Weigh In On Oak Valley Bancorp

Several hedge funds have recently bought and sold shares of the business. State Street Corp lifted its stake in Oak Valley Bancorp by 0.6% in the 3rd quarter. State Street Corp now owns 86,390 shares of the financial services provider’s stock worth $2,295,000 after acquiring an additional 510 shares in the last quarter. FMR LLC increased its position in Oak Valley Bancorp by 0.4% in the 3rd quarter. FMR LLC now owns 217,128 shares of the financial services provider’s stock worth $5,769,000 after purchasing an additional 842 shares during the last quarter. Empowered Funds LLC increased its position in Oak Valley Bancorp by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 38,004 shares of the financial services provider’s stock worth $1,010,000 after purchasing an additional 1,876 shares during the last quarter. Geode Capital Management LLC increased its position in Oak Valley Bancorp by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 155,526 shares of the financial services provider’s stock worth $4,133,000 after purchasing an additional 3,646 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new position in Oak Valley Bancorp in the 4th quarter worth about $163,000. 30.86% of the stock is owned by hedge funds and other institutional investors.

About Oak Valley Bancorp

Oak Valley Bancorp operates as the bank holding company for Oak Valley Community Bank that provides a range of commercial banking services to individuals and small to medium-sized businesses in the Central Valley and the Eastern Sierras. The company's deposits products include checking and savings, money market, health savings, and individual retirement accounts, as well as certificates of deposit.