Oak Valley Bancorp (NASDAQ:OVLY) Director Purchases $65,000.00 in Stock

Oak Valley Bancorp (CA) (NASDAQ:OVLY) Director Gary Strong bought 2,000 shares of the firm’s stock in a transaction dated Monday, July 27th. The stock was acquired at an average cost of $32.50 per share, with a total value of $65,000.00. Following the transaction, the director owned 14,842 shares of the company’s stock, valued at $482,365. This trade represents a 15.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Oak Valley Bancorp Stock Performance

Shares of NASDAQ OVLY traded up $1.25 during mid-day trading on Tuesday, reaching $34.41. The company had a trading volume of 9,813 shares, compared to its average volume of 33,562. The stock has a fifty day moving average of $33.63 and a two-hundred day moving average of $33.02. Oak Valley Bancorp has a 12-month low of $25.41 and a 12-month high of $35.97. The company has a market capitalization of $289.35 million, a price-to-earnings ratio of 12.20 and a beta of 0.21.

Oak Valley Bancorp (NASDAQ:OVLY) last released its earnings results 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 11.49%. The company had revenue of $20.61 million during the quarter.

Oak Valley Bancorp Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be paid a $0.375 dividend. The ex-dividend date is Monday, August 3rd. This represents a yield of 228.0%. Oak Valley Bancorp’s payout ratio is 26.60%.

Hedge Funds Weigh In On Oak Valley Bancorp

Several large investors have recently made changes to their positions in OVLY. Kestra Advisory Services LLC acquired a new stake in Oak Valley Bancorp in the 4th quarter valued at approximately $42,000. BNP Paribas Financial Markets boosted its holdings in Oak Valley Bancorp by 123.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,708 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 1,496 shares during the period. JPMorgan Chase & Co. boosted its holdings in Oak Valley Bancorp by 23.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,997 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 1,145 shares during the period. Legato Capital Management LLC acquired a new stake in Oak Valley Bancorp in the 4th quarter worth $207,000. Finally, Jane Street Group LLC bought a new stake in shares of Oak Valley Bancorp in the second quarter valued at about $208,000. Institutional investors and hedge funds own 30.86% of the company’s stock.

Analyst Ratings Changes

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