Don Barton Sells 375 Shares of Oak Valley Bancorp (NASDAQ:OVLY) Stock

Oak Valley Bancorp (CA) (NASDAQ:OVLY) Director Don Barton sold 375 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $34.07, for a total value of $12,776.25. Following the completion of the transaction, the director owned 29,600 shares in the company, valued at approximately $1,008,472. The trade was a 1.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Don Barton also recently made the following trade(s):

• On Monday, July 27th, Don Barton sold 375 shares of Oak Valley Bancorp stock. The shares were sold at an average price of $32.72, for a total value of $12,270.00.
• On Friday, June 26th, Don Barton sold 375 shares of Oak Valley Bancorp stock. The stock was sold at an average price of $33.26, for a total value of $12,472.50.

Oak Valley Bancorp Price Performance

Shares of OVLY opened at $33.98 on Friday. The firm has a market cap of $285.77 million, a PE ratio of 12.05 and a beta of 0.21. The stock’s fifty day moving average price is $33.68 and its two-hundred day moving average price is $33.39. Oak Valley Bancorp has a 1 year low of $25.41 and a 1 year high of $35.97.

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

Oak Valley Bancorp Announces Dividend

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Oak Valley Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fourthstone LLC grew its stake in Oak Valley Bancorp by 84.1% during the fourth quarter. Fourthstone LLC now owns 305,401 shares of the financial services provider’s stock valued at $9,180,000 after acquiring an additional 139,545 shares in the last quarter. Kestra Advisory Services LLC lifted its stake in Oak Valley Bancorp by 1,578.7% in the 1st quarter. Kestra Advisory Services LLC now owns 23,519 shares of the financial services provider’s stock worth $763,000 after purchasing an additional 22,118 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in Oak Valley Bancorp in the 2nd quarter worth approximately $718,000. Bank of New York Mellon Corp bought a new position in Oak Valley Bancorp in the 2nd quarter valued at $618,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Oak Valley Bancorp by 11.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 158,145 shares of the financial services provider’s stock valued at $5,128,000 after purchasing an additional 15,865 shares during the period. 30.86% of the stock is currently owned by institutional investors.

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.