Oak Valley Bancorp (NASDAQ:OVLY) Director Gary Strong Purchases 2,000 Shares of Stock

Oak Valley Bancorp (CA) (NASDAQ:OVLY) Director Gary Strong acquired 2,000 shares of the firm’s stock in a transaction on Monday, July 27th. The stock was purchased at an average cost of $32.50 per share, with a total value of $65,000.00. Following the purchase, the director owned 14,842 shares of the company’s stock, valued at $482,365. The trade was a 15.57% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Oak Valley Bancorp Stock Performance

OVLY opened at $34.35 on Wednesday. The stock has a market cap of $288.99 million, a price-to-earnings ratio of 12.18 and a beta of 0.21. The stock’s 50 day moving average price is $33.65 and its 200-day moving average price is $33.05. Oak Valley Bancorp has a one year low of $25.41 and a one year high of $35.97.

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 11.49% and a net margin of 24.80%.The firm had revenue of $20.61 million for the quarter.

Oak Valley Bancorp Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Oak Valley Bancorp in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp raised its holdings in shares of Oak Valley Bancorp by 0.8% in the 4th quarter. State Street Corp now owns 99,225 shares of the financial services provider’s stock valued at $2,983,000 after purchasing an additional 806 shares in the last quarter. Barclays PLC boosted its stake in shares of Oak Valley Bancorp by 3.4% during the fourth quarter. Barclays PLC now owns 28,594 shares of the financial services provider’s stock valued at $860,000 after purchasing an additional 931 shares in the last quarter. Citadel Advisors LLC boosted its stake in shares of Oak Valley Bancorp by 4.1% during the third quarter. Citadel Advisors LLC now owns 28,596 shares of the financial services provider’s stock valued at $806,000 after purchasing an additional 1,136 shares in the last quarter. JPMorgan Chase & Co. increased its holdings 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 valued at $169,000 after buying an additional 1,145 shares during the period. Finally, LPL Financial LLC increased its holdings in Oak Valley Bancorp by 10.4% during the fourth quarter. LPL Financial LLC now owns 13,775 shares of the financial services provider’s stock valued at $414,000 after buying an additional 1,300 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.