Insider Buying: Oak Valley Bancorp (NASDAQ:OVLY) Director Acquires 2,393 Shares of Stock

Oak Valley Bancorp (NASDAQ:OVLY) Director H Randolph Holder, Jr. acquired 2,393 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were bought at an average cost of $25.00 per share, for a total transaction of $59,825.00. Following the transaction, the director now owns 150,026 shares of the company’s stock, valued at $3,750,650. This represents a 1.62 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Oak Valley Bancorp Stock Up 1.7 %

Shares of OVLY opened at $28.31 on Friday. The company has a 50 day moving average of $27.67 and a two-hundred day moving average of $27.43. Oak Valley Bancorp has a twelve month low of $22.91 and a twelve month high of $32.24. The company has a market cap of $236.67 million, a price-to-earnings ratio of 9.37 and a beta of 0.33.

Oak Valley Bancorp (NASDAQ:OVLY) last announced its earnings results 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 business also recently disclosed a semi-annual dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a dividend yield of 1.7%. This is an increase from Oak Valley Bancorp’s previous semi-annual dividend of $0.23. Oak Valley Bancorp’s dividend payout ratio is 19.87%.

Wall Street Analyst Weigh In

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

Institutional Trading of Oak Valley Bancorp

Institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its holdings in shares of Oak Valley Bancorp by 190.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,506 shares of the financial services provider’s stock worth $44,000 after buying an additional 987 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Oak Valley Bancorp in the 4th quarter valued at $163,000. Legato Capital Management LLC purchased a new position in Oak Valley Bancorp in the 4th quarter worth $212,000. Wells Fargo & Company MN lifted its position in Oak Valley Bancorp by 12.2% during the 4th quarter. Wells Fargo & Company MN now owns 8,000 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 872 shares during the period. Finally, Hsbc Holdings PLC grew its stake in Oak Valley Bancorp by 9.4% during the 4th quarter. Hsbc Holdings PLC now owns 9,330 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 803 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 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.