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 Oak Valley Bancorp stock in a transaction on Monday, July 27th. The shares were sold at an average price of $32.72, for a total transaction of $12,270.00. Following the completion of the sale, the director directly owned 29,975 shares in the company, valued at $980,782. This represents a 1.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 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 transaction of $12,472.50.
• On Tuesday, May 26th, Don Barton sold 375 shares of Oak Valley Bancorp stock. The stock was sold at an average price of $33.77, for a total transaction of $12,663.75.

Oak Valley Bancorp Stock Down 1.7%

OVLY opened at $33.78 on Thursday. The company has a market cap of $284.09 million, a price-to-earnings ratio of 11.98 and a beta of 0.21. Oak Valley Bancorp has a 52-week low of $25.41 and a 52-week high of $35.97. The firm’s fifty day simple moving average is $33.66 and its two-hundred day simple moving average is $33.08.

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

Oak Valley Bancorp Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be issued a $0.375 dividend. This represents a yield of 228.0%. The ex-dividend date is Monday, August 3rd. Oak Valley Bancorp’s payout ratio is presently 26.60%.

Institutional Trading of Oak Valley Bancorp

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its holdings in Oak Valley Bancorp by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 161,422 shares of the financial services provider’s stock valued at $4,398,000 after acquiring an additional 2,592 shares during the last quarter. Rhumbline Advisers grew its position in shares of Oak Valley Bancorp by 59.4% in the second quarter. Rhumbline Advisers now owns 10,401 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 3,875 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Oak Valley Bancorp by 20.9% in the second quarter. Hsbc Holdings PLC now owns 15,037 shares of the financial services provider’s stock valued at $409,000 after purchasing an additional 2,603 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Oak Valley Bancorp in the second quarter valued at approximately $208,000. Finally, JPMorgan Chase & Co. lifted its position in Oak Valley Bancorp by 23.6% during the third quarter. JPMorgan Chase & Co. now owns 5,997 shares of the financial services provider’s stock worth $169,000 after buying an additional 1,145 shares in the last quarter. Hedge funds and other institutional investors own 30.86% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Oak Valley Bancorp in a report on Wednesday, July 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently 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.