Oak Valley Bancorp (CA) (NASDAQ:OVLY) to Issue $0.38 Dividend

Oak Valley Bancorp (CA) (NASDAQ:OVLY) announced a dividend on Wednesday, July 22nd. Shareholders of record on Monday, August 3rd will be given a dividend of 0.375 per share by the financial services provider on Friday, August 14th. This represents a dividend yield of 228.0%. The ex-dividend date is Monday, August 3rd.

Oak Valley Bancorp has raised its dividend by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 11 consecutive years.

Oak Valley Bancorp Price Performance

Shares of NASDAQ OVLY opened at $32.93 on Thursday. The company has a market cap of $276.94 million, a PE ratio of 11.43 and a beta of 0.21. 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 $33.65 and a 200-day simple moving average of $32.97.

Oak Valley Bancorp (NASDAQ:OVLY) last announced its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.61 earnings per share (EPS) for the quarter. Oak Valley Bancorp had a net margin of 24.80% and a return on equity of 11.99%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated 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 MarketBeat.com, the company 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.