Oak Valley Bancorp (NASDAQ:OVLY) Announces Dividend Increase – $0.30 Per Share

Oak Valley Bancorp (NASDAQ:OVLY) declared a semi-annual dividend on Tuesday, January 21st,Wall Street Journal reports. Investors of record on Monday, February 3rd will be paid a dividend of 0.30 per share by the financial services provider on Friday, February 14th. This represents a yield of 1.7%. The ex-dividend date of this dividend is Monday, February 3rd. This is an increase from Oak Valley Bancorp’s previous semi-annual dividend of $0.23.

Oak Valley Bancorp has increased its dividend payment by an average of 15.8% per year over the last three years.

Oak Valley Bancorp Stock Down 0.4 %

NASDAQ OVLY opened at $25.87 on Friday. The stock’s 50-day simple moving average is $28.57 and its two-hundred day simple moving average is $27.44. Oak Valley Bancorp has a twelve month low of $22.91 and a twelve month high of $32.24. The company has a market capitalization of $216.25 million, a price-to-earnings ratio of 8.57 and a beta of 0.35.

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 for the quarter. Oak Valley Bancorp had a return on equity of 14.28% and a net margin of 28.03%.

Insiders Place Their Bets

In related news, Director H Randolph Holder, Jr. acquired 6,000 shares of Oak Valley Bancorp stock in a transaction dated Wednesday, January 29th. The shares were purchased at an average cost of $25.97 per share, with a total value of $155,820.00. Following the completion of the purchase, the director now owns 147,633 shares of the company’s stock, valued at $3,834,029.01. This represents a 4.24 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary Strong acquired 1,000 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was bought at an average price of $27.17 per share, for a total transaction of $27,170.00. Following the acquisition, the director now owns 11,842 shares of the company’s stock, valued at approximately $321,747.14. This trade represents a 9.22 % increase in their position. The disclosure for this purchase can be found here. Insiders own 19.26% of the company’s stock.

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.