Citadel Advisors LLC Buys 21,354 Shares of Oak Valley Bancorp (CA) $OVLY

Citadel Advisors LLC boosted its stake in shares of Oak Valley Bancorp (CA) (NASDAQ:OVLY) by 280.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,963 shares of the financial services provider’s stock after acquiring an additional 21,354 shares during the quarter. Citadel Advisors LLC’s holdings in Oak Valley Bancorp were worth $977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Kestra Advisory Services LLC bought a new position in Oak Valley Bancorp during the 4th quarter worth approximately $42,000. BNP Paribas Financial Markets lifted its position in Oak Valley Bancorp by 123.4% in the third 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 last quarter. California State Teachers Retirement System boosted its stake in shares of Oak Valley Bancorp by 775.7% during the second quarter. California State Teachers Retirement System now owns 3,240 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 2,870 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Oak Valley Bancorp by 23.6% during the third 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. Finally, Legato Capital Management LLC bought a new position in shares of Oak Valley Bancorp in the fourth quarter worth approximately $207,000. 30.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Oak Valley Bancorp

In related news, Director Gary Strong acquired 2,000 shares of the firm’s stock in a transaction on Monday, July 27th. The stock was acquired at an average cost of $32.50 per share, for a total transaction of $65,000.00. Following the acquisition, 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 legal filing with the SEC, which is available at this link. Also, Director Allison Lafferty bought 1,307 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was bought at an average cost of $33.93 per share, with a total value of $44,346.51. Following the completion of the transaction, the director owned 10,000 shares in the company, valued at approximately $339,300. This trade represents a 15.04% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders purchased 3,672 shares of company stock worth $121,830 and sold 1,125 shares worth $37,519. Insiders own 13.94% of the company’s stock.

Oak Valley Bancorp Price Performance

OVLY opened at $34.65 on Friday. Oak Valley Bancorp has a one year low of $25.41 and a one year high of $35.97. The business has a 50 day simple moving average of $33.80 and a two-hundred day simple moving average of $33.45. The firm has a market capitalization of $291.41 million, a price-to-earnings ratio of 12.29 and a beta of 0.21.

Oak Valley Bancorp (NASDAQ:OVLY) last issued its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.61 earnings per share for the quarter. Oak Valley Bancorp had a return on equity of 11.31% and a net margin of 24.05%.The firm had revenue of $20.61 million for the quarter.

Oak Valley Bancorp Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were issued a $0.375 dividend. The ex-dividend date was Monday, August 3rd. This represents a yield of 223.0%. Oak Valley Bancorp’s payout ratio is 26.60%.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Oak Valley Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 14th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Oak Valley Bancorp 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.