Kestra Advisory Services LLC Buys 22,118 Shares of Oak Valley Bancorp (CA) $OVLY

Kestra Advisory Services LLC increased its stake in Oak Valley Bancorp (CA) (NASDAQ:OVLY) by 1,578.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,519 shares of the financial services provider’s stock after acquiring an additional 22,118 shares during the period. Kestra Advisory Services LLC owned about 0.28% of Oak Valley Bancorp worth $763,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in OVLY. Hsbc Holdings PLC raised its position in Oak Valley Bancorp by 10.0% during the fourth quarter. Hsbc Holdings PLC now owns 23,513 shares of the financial services provider’s stock valued at $716,000 after purchasing an additional 2,138 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Oak Valley Bancorp by 9.0% in the 4th quarter. AQR Capital Management LLC now owns 19,063 shares of the financial services provider’s stock worth $573,000 after purchasing an additional 1,582 shares in the last quarter. Barclays PLC boosted its holdings in shares of Oak Valley Bancorp by 3.4% in the 4th quarter. Barclays PLC now owns 28,594 shares of the financial services provider’s stock worth $860,000 after purchasing an additional 931 shares in the last quarter. Fourthstone LLC increased its position in shares of Oak Valley Bancorp by 84.1% during the 4th quarter. Fourthstone LLC now owns 305,401 shares of the financial services provider’s stock valued at $9,180,000 after purchasing an additional 139,545 shares during the last quarter. Finally, State Street Corp increased its position in shares of 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 valued at $2,983,000 after purchasing an additional 806 shares during the last quarter. Institutional investors own 30.86% of the company’s stock.

Analyst Upgrades and Downgrades

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

Oak Valley Bancorp Stock Performance

OVLY stock opened at $32.61 on Friday. The firm has a market cap of $274.25 million, a P/E ratio of 11.56 and a beta of 0.21. The firm’s fifty day moving average is $33.63 and its 200 day moving average is $32.98. Oak Valley Bancorp has a 52 week low of $25.41 and a 52 week high of $35.97.

Oak Valley Bancorp (NASDAQ:OVLY) last posted 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 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 business also recently disclosed a dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be issued a $0.375 dividend. The ex-dividend date is Monday, August 3rd. This represents a dividend yield of 228.0%. Oak Valley Bancorp’s payout ratio is currently 26.60%.

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.