Oak Valley Bancorp (NASDAQ:OVLY) Increases Dividend to $0.30 Per Share

Posted by Trevor Kearing on Jan 27th, 2025

Oak Valley Bancorp (NASDAQ:OVLY – Get Free Report) declared a semi-annual dividend on Monday, January 27th,Wall Street Journal reports. Investors of record on Monday, February 3rd will be given a dividend of 0.30 per share by the financial services provider on Friday, February 14th. This represents a yield of 1.7%. The ex-dividend date is Monday, February 3rd. This is a positive change from Oak Valley Bancorp’s previous semi-annual dividend of $0.23.

Oak Valley Bancorp has increased its dividend payment by an average of 15.8% per year over the last three years.

Oak Valley Bancorp Trading Up 1.3 %

OVLY traded up $0.35 during midday trading on Monday, hitting $26.40. The company’s stock had a trading volume of 15,438 shares, compared to its average volume of 15,003. The firm has a 50-day moving average price of $28.95 and a two-hundred day moving average price of $27.46. The firm has a market cap of $220.66 million, a P/E ratio of 8.80 and a beta of 0.35. Oak Valley Bancorp has a 52-week low of $22.91 and a 52-week high of $32.24.

Insider Buying and Selling

In other Oak Valley Bancorp news, Director Gary Strong bought 1,000 shares of Oak Valley Bancorp stock in a transaction that occurred on Wednesday, January 8th. The stock was purchased at an average cost of $27.17 per share, for a total transaction of $27,170.00. Following the completion of the acquisition, the director now owns 11,842 shares of the company’s stock, valued at approximately $321,747.14. This represents a 9.22 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 19.26% of the stock is owned by company insiders.

Oak Valley Bancorp Company Profile

(Get Free Report)

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.