Oak Valley Bancorp (NASDAQ:OVLY) Director H Randolph Holder, Jr. Buys 2,393 Shares of Stock

Oak Valley Bancorp (NASDAQ:OVLY) Director H Randolph Holder, Jr. bought 2,393 shares of the company’s stock in a transaction on Monday, February 10th. The stock was purchased at an average cost of $25.00 per share, with a total value of $59,825.00. Following the completion of the transaction, the director now owns 150,026 shares in the company, valued at $3,750,650. This represents a 1.62 % 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 link.

Oak Valley Bancorp Stock Down 1.6 %

NASDAQ:OVLY opened at $27.50 on Thursday. Oak Valley Bancorp has a 52 week low of $22.91 and a 52 week high of $32.24. The company has a fifty day simple moving average of $27.81 and a two-hundred day simple moving average of $27.41. The company has a market cap of $229.90 million, a price-to-earnings ratio of 9.11 and a beta of 0.33.

Oak Valley Bancorp (NASDAQ:OVLY) last released 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 company also recently announced a semi-annual dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a dividend of $0.30 per share. This represents a dividend yield of 1.7%. This is a positive change from Oak Valley Bancorp’s previous semi-annual dividend of $0.23. The ex-dividend date of this dividend is Monday, February 3rd. Oak Valley Bancorp’s dividend payout ratio is presently 19.87%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Oak Valley Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday.

Institutional Trading of Oak Valley Bancorp

Several hedge funds have recently added to or reduced their stakes in OVLY. Empowered Funds LLC grew its holdings in Oak Valley Bancorp by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 38,004 shares of the financial services provider’s stock worth $1,010,000 after acquiring an additional 1,876 shares in the last quarter. Seizert Capital Partners LLC purchased a new stake in shares of Oak Valley Bancorp during the 3rd quarter worth $327,000. FMR LLC grew its stake in shares of Oak Valley Bancorp by 0.4% during the third 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 in the last quarter. Fourthstone LLC purchased a new position in Oak Valley Bancorp in the third quarter valued at $295,000. Finally, State Street Corp raised its stake in Oak Valley Bancorp by 0.6% in the third quarter. State Street Corp now owns 86,390 shares of the financial services provider’s stock valued at $2,295,000 after buying an additional 510 shares in the last quarter. Institutional investors and hedge funds own 30.86% of the company’s stock.

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.