Sierra Ocean LLC Purchases Shares of 5,573 Oak Valley Bancorp (NASDAQ:OVLY)

Sierra Ocean LLC acquired a new position in shares of Oak Valley Bancorp (NASDAQ:OVLY) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,573 shares of the financial services provider’s stock, valued at approximately $163,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp boosted its stake in shares of Oak Valley Bancorp by 0.6% during the 3rd quarter. State Street Corp now owns 86,390 shares of the financial services provider’s stock worth $2,295,000 after acquiring an additional 510 shares during the period. FMR LLC lifted its holdings in Oak Valley Bancorp by 0.4% during the 3rd quarter. FMR LLC now owns 217,128 shares of the financial services provider’s stock valued at $5,769,000 after purchasing an additional 842 shares during the last quarter. Empowered Funds LLC boosted its position in Oak Valley Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 38,004 shares of the financial services provider’s stock worth $1,010,000 after purchasing an additional 1,876 shares during the period. Geode Capital Management LLC increased its holdings in shares of Oak Valley Bancorp by 2.4% in the third quarter. Geode Capital Management LLC now owns 155,526 shares of the financial services provider’s stock valued at $4,133,000 after purchasing an additional 3,646 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Oak Valley Bancorp by 123.6% in the third quarter. JPMorgan Chase & Co. now owns 10,755 shares of the financial services provider’s stock valued at $286,000 after purchasing an additional 5,945 shares during the period. 30.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Oak Valley Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, February 11th.

Oak Valley Bancorp Trading Up 1.7 %

Oak Valley Bancorp stock opened at $28.31 on Monday. The company has a market capitalization of $236.67 million, a price-to-earnings ratio of 9.37 and a beta of 0.33. The stock’s 50 day moving average is $27.67 and its 200-day moving average is $27.41. Oak Valley Bancorp has a 12 month low of $22.91 and a 12 month high of $32.24.

Oak Valley Bancorp (NASDAQ:OVLY) last posted its quarterly earnings data on Friday, January 24th. The financial services provider reported $0.73 earnings per share for the quarter. Oak Valley Bancorp had a return on equity of 14.28% and a net margin of 28.03%.

Oak Valley Bancorp Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a dividend of $0.30 per share. This represents a dividend yield of 1.7%. The ex-dividend date was Monday, February 3rd. This is a positive change from Oak Valley Bancorp’s previous semi-annual dividend of $0.23. Oak Valley Bancorp’s dividend payout ratio is presently 19.87%.

Insider Transactions at Oak Valley Bancorp

In other news, Director Gary Strong acquired 1,000 shares of Oak Valley Bancorp stock in a transaction on Wednesday, January 8th. The shares were purchased at an average cost of $27.17 per share, for a total transaction of $27,170.00. Following the completion of the purchase, the director now directly owns 11,842 shares of the company’s stock, valued at approximately $321,747.14. This represents a 9.22 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director H Randolph Holder, Jr. bought 2,393 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was purchased at an average price of $25.00 per share, with a total value of $59,825.00. Following the completion of the transaction, the director now directly owns 150,026 shares in the company, valued at approximately $3,750,650. This represents a 1.62 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 9,774 shares of company stock valued at $252,527. 19.26% of the stock is currently owned by company insiders.

Oak Valley Bancorp Company Profile

Oak Valley Bancorp operates as the bank holding company for Oak Valley Community Bank that provides a range of commercial banking services to individuals and small to medium-sized businesses in the Central Valley and the Eastern Sierras. The company's deposits products include checking and savings, money market, health savings, and individual retirement accounts, as well as certificates of deposit.