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

Oak Valley Bancorp (NASDAQ:OVLY) Director H Randolph Holder, Jr. purchased 2,393 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were purchased at an average price 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 trade represents a 1.62 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Oak Valley Bancorp Price Performance

Shares of Oak Valley Bancorp stock traded down $0.45 on Wednesday, reaching $27.50. 11,183 shares of the company were exchanged, compared to its average volume of 22,089. The company has a market cap of $229.90 million, a P/E ratio of 9.11 and a beta of 0.33. The stock’s 50 day moving average price is $27.81 and its 200-day moving average price is $27.41. Oak Valley Bancorp has a 1-year low of $22.91 and a 1-year high of $32.24.

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

Oak Valley Bancorp Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This is a boost from Oak Valley Bancorp’s previous semi-annual dividend of $0.23. This represents a dividend yield of 1.7%. Oak Valley Bancorp’s dividend payout ratio (DPR) is currently 19.87%.

Institutional Investors Weigh In On Oak Valley Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Valmark Advisers Inc. acquired a new position in shares of Oak Valley Bancorp in the 4th quarter valued at approximately $1,726,000. JPMorgan Chase & Co. lifted its position in Oak Valley Bancorp by 118.8% in the 4th quarter. JPMorgan Chase & Co. now owns 23,537 shares of the financial services provider’s stock valued at $688,000 after purchasing an additional 12,782 shares during the last quarter. Seizert Capital Partners LLC bought a new position in Oak Valley Bancorp in the 3rd quarter worth approximately $327,000. Fourthstone LLC acquired a new stake in Oak Valley Bancorp in the third quarter worth about $295,000. Finally, Barclays PLC raised its position in shares of Oak Valley Bancorp by 122.8% during the 3rd quarter. Barclays PLC now owns 15,368 shares of the financial services provider’s stock worth $408,000 after buying an additional 8,471 shares in the last quarter. 30.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.