Oak Valley Bancorp (CA) (OVLY) to Distribute Dividend of $0.38 on August 14th

Oak Valley Bancorp (CA) (NASDAQ:OVLY) announced a dividend on Wednesday, July 22nd. Stockholders of record on Monday, August 3rd will be given a dividend of 0.375 per share by the financial services provider on Friday, August 14th. This represents a dividend yield of 228.0%. The ex-dividend date of this dividend is Monday, August 3rd.

Oak Valley Bancorp has increased its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 11 years.

Oak Valley Bancorp Price Performance

Shares of OVLY stock opened at $32.26 on Friday. The business has a 50-day moving average of $33.63 and a 200 day moving average of $32.98. Oak Valley Bancorp has a 1-year low of $25.41 and a 1-year high of $35.97. The stock has a market capitalization of $271.31 million, a PE ratio of 11.44 and a beta of 0.21.

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

Hedge Funds Weigh In On Oak Valley Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of OVLY. Kestra Advisory Services LLC bought a new position in Oak Valley Bancorp in the fourth quarter worth about $42,000. BNP Paribas Financial Markets boosted its position in Oak Valley Bancorp by 123.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,708 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 1,496 shares in the last quarter. JPMorgan Chase & Co. grew its holdings 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 worth $169,000 after acquiring an additional 1,145 shares during the period. Legato Capital Management LLC purchased a new position in shares of Oak Valley Bancorp during the 4th quarter worth approximately $207,000. Finally, Jane Street Group LLC bought a new position in shares of Oak Valley Bancorp in the 2nd quarter worth approximately $208,000. Hedge funds and other institutional investors own 30.86% of the company’s stock.

About Oak Valley Bancorp

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.