Oak Valley Bancorp (NASDAQ:OVLY) Director Allison Lafferty Purchases 1,307 Shares

Oak Valley Bancorp (CA) (NASDAQ:OVLY) Director Allison Lafferty acquired 1,307 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was purchased at an average price of $33.93 per share, with a total value of $44,346.51. Following the purchase, the director owned 10,000 shares in the company, valued at approximately $339,300. The trade was a 15.04% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Oak Valley Bancorp Stock Performance

Shares of Oak Valley Bancorp stock traded up $0.17 during mid-day trading on Thursday, hitting $34.51. 11,941 shares of the stock were exchanged, compared to its average volume of 26,509. Oak Valley Bancorp has a 12 month low of $25.41 and a 12 month high of $35.97. The company has a 50-day simple moving average of $33.72 and a 200 day simple moving average of $33.41. The company has a market capitalization of $290.23 million, a P/E ratio of 12.24 and a beta of 0.21.

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

Oak Valley Bancorp Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were issued 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 26.60%.

Hedge Funds Weigh In On Oak Valley Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OVLY. Kestra Advisory Services LLC purchased a new stake in Oak Valley Bancorp in the fourth quarter valued at approximately $42,000. BNP Paribas Financial Markets increased its holdings in shares of Oak Valley Bancorp by 123.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,708 shares of the financial services provider’s stock worth $76,000 after buying an additional 1,496 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Oak Valley Bancorp by 775.7% in the 2nd quarter. California State Teachers Retirement System now owns 3,240 shares of the financial services provider’s stock worth $109,000 after buying an additional 2,870 shares during the last quarter. JPMorgan Chase & Co. raised its position 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 valued at $169,000 after buying an additional 1,145 shares in the last quarter. Finally, Legato Capital Management LLC purchased a new stake in shares of Oak Valley Bancorp during the 4th quarter valued at $207,000. 30.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded 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.com, Oak Valley Bancorp has a consensus rating of “Buy”.

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.