Insider Selling: Oak Valley Bancorp (NASDAQ:OVLY) Director Sells $12,761.25 in Stock

Oak Valley Bancorp (CA) (NASDAQ:OVLY) Director Don Barton sold 375 shares of the firm’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of $34.03, for a total value of $12,761.25. Following the completion of the sale, the director directly owned 29,225 shares of the company’s stock, valued at $994,526.75. The trade was a 1.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, August 26th, Don Barton sold 375 shares of Oak Valley Bancorp stock. The stock was sold at an average price of $34.07, for a total value of $12,776.25.
• 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.

Oak Valley Bancorp Price Performance

Oak Valley Bancorp stock traded up $0.11 during midday trading on Monday, reaching $34.28. The company’s stock had a trading volume of 20,027 shares, compared to its average volume of 19,560. The stock’s 50-day simple moving average is $33.98 and its 200-day simple moving average is $33.59. Oak Valley Bancorp has a 52-week low of $25.41 and a 52-week high of $35.97. The stock has a market capitalization of $288.29 million, a P/E ratio of 12.16 and a beta of 0.21.

Oak Valley Bancorp (NASDAQ:OVLY) last issued 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 business had revenue of $20.61 million during the quarter.

Oak Valley Bancorp Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were paid a $0.3750 dividend. The ex-dividend date was Monday, August 3rd. This represents a yield of 223.0%. Oak Valley Bancorp’s dividend payout ratio (DPR) is 26.60%.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Oak Valley Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Institutional Trading of Oak Valley Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OVLY. Hsbc Holdings PLC grew its stake in Oak Valley Bancorp by 9.1% during the 2nd quarter. Hsbc Holdings PLC now owns 23,450 shares of the financial services provider’s stock valued at $786,000 after purchasing an additional 1,949 shares during the last quarter. Algert Global LLC purchased a new position in shares of Oak Valley Bancorp in the second quarter worth about $334,000. Renaissance Technologies LLC raised its stake in shares of Oak Valley Bancorp by 42.8% in the first quarter. Renaissance Technologies LLC now owns 35,375 shares of the financial services provider’s stock worth $1,147,000 after purchasing an additional 10,602 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Oak Valley Bancorp by 11.2% during the first quarter. Dimensional Fund Advisors LP now owns 158,145 shares of the financial services provider’s stock worth $5,128,000 after purchasing an additional 15,865 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Oak Valley Bancorp in the second quarter valued at approximately $618,000. Institutional investors and hedge funds own 30.86% of the company’s stock.

Oak Valley Bancorp Company Profile

Oak Valley Bancorp is the bank holding company for Oak Valley Community Bank, a community-focused financial institution headquartered in Oakdale, California. The bank serves individuals, families, farmers, professionals and businesses in California’s Central Valley through a network of local banking offices.

Oak Valley Community Bank offers deposit accounts, consumer and commercial lending, residential and agricultural loans, cash-management and treasury services, online and mobile banking, and other traditional banking products.