Oak Valley Bancorp (NASDAQ:OVLY) Director Buys $44,346.51 in Stock

Oak Valley Bancorp (CA) (NASDAQ:OVLY) Director Allison Lafferty acquired 1,307 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were acquired at an average price of $33.93 per share, for a total transaction of $44,346.51. Following the acquisition, the director directly owned 10,000 shares in the company, valued at $339,300. This represents a 15.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Oak Valley Bancorp Stock Performance

NASDAQ OVLY opened at $34.88 on Friday. The business has a 50 day simple moving average of $33.74 and a 200 day simple moving average of $33.42. Oak Valley Bancorp has a 52-week low of $25.41 and a 52-week high of $35.97. The stock has a market cap of $293.45 million, a price-to-earnings ratio of 12.37 and a beta of 0.21.

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

Oak Valley Bancorp Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were given a $0.375 dividend. This represents a yield of 223.0%. The ex-dividend date of this dividend was Monday, August 3rd. Oak Valley Bancorp’s payout ratio is currently 26.60%.

Wall Street Analyst Weigh In

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

Institutional Trading of Oak Valley Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in OVLY. Kestra Advisory Services LLC boosted its holdings in Oak Valley Bancorp by 1,578.7% during the first 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 during the last quarter. Susquehanna International Group LLP acquired a new stake in Oak Valley Bancorp in the 2nd quarter valued at $718,000. Dimensional Fund Advisors LP lifted its position in Oak Valley Bancorp by 11.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 158,145 shares of the financial services provider’s stock worth $5,128,000 after buying an additional 15,865 shares in the last quarter. State Street Corp lifted its position in Oak Valley Bancorp by 0.8% during the 4th quarter. State Street Corp now owns 99,225 shares of the financial services provider’s stock worth $2,983,000 after buying an additional 806 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of Oak Valley Bancorp by 3.4% during the 4th quarter. Barclays PLC now owns 28,594 shares of the financial services provider’s stock worth $860,000 after buying an additional 931 shares during the last quarter. 30.86% of the stock is currently owned by institutional investors and hedge funds.

About Oak Valley Bancorp

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.