Key Points
- Director Allison Lafferty bought 1,307 Oak Valley Bancorp shares at an average price of $33.93, investing $44,346.51 and increasing her holdings by 15.04% to 10,000 shares.
- Oak Valley Bancorp reported quarterly EPS of $0.61 on $20.61 million in revenue, with an 11.31% return on equity and a 24.05% net margin.
- The stock opened at $34.51 and remains rated a consensus “Buy”, while institutional investors own approximately 30.86% of outstanding shares.
Oak Valley Bancorp (CA) (NASDAQ:OVLY - Get Free Report) Director Allison Lafferty bought 1,307 shares of the firm's stock in a transaction on Wednesday, August 26th. The shares were purchased at an average price of $33.93 per share, for a total transaction of $44,346.51. Following the purchase, the director owned 10,000 shares in the company, valued at $339,300. This trade represents a 15.04% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.
Oak Valley Bancorp Price Performance
OVLY opened at $34.51 on Friday. The company has a 50 day simple moving average of $33.72 and a two-hundred day simple moving average of $33.41. The firm has a market cap of $290.23 million, a P/E ratio of 12.24 and a beta of 0.21. Oak Valley Bancorp has a 1-year low of $25.41 and a 1-year high of $35.97.
Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.61 EPS for the quarter. Oak Valley Bancorp had a return on equity of 11.31% and a net margin of 24.05%.The company had revenue of $20.61 million for the quarter.
Oak Valley Bancorp Dividend Announcement
The company also recently announced a dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were issued a $0.375 dividend. This represents a dividend yield of 223.0%. The ex-dividend date of this dividend was Monday, August 3rd. Oak Valley Bancorp's payout ratio is 26.60%.
Analysts Set New Price Targets
Separately, Weiss Ratings cut shares of Oak Valley Bancorp from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, August 14th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy".
Check Out Our Latest Report on Oak Valley Bancorp
Institutional Investors Weigh In On Oak Valley Bancorp
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OVLY. State Street Corp lifted its holdings in shares of Oak Valley Bancorp by 0.8% during the fourth quarter. State Street Corp now owns 99,225 shares of the financial services provider's stock worth $2,983,000 after purchasing an additional 806 shares during the period. Barclays PLC grew its position in Oak Valley Bancorp by 3.4% during the fourth quarter. Barclays PLC now owns 28,594 shares of the financial services provider's stock valued at $860,000 after buying an additional 931 shares during the period. Citadel Advisors LLC increased its holdings in Oak Valley Bancorp by 4.1% in the third quarter. Citadel Advisors LLC now owns 28,596 shares of the financial services provider's stock valued at $806,000 after buying an additional 1,136 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Oak Valley Bancorp by 23.6% in the third quarter. JPMorgan Chase & Co. now owns 5,997 shares of the financial services provider's stock valued at $169,000 after buying an additional 1,145 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of Oak Valley Bancorp by 10.4% during the 4th quarter. LPL Financial LLC now owns 13,775 shares of the financial services provider's stock worth $414,000 after buying an additional 1,300 shares during the period. 30.86% of the stock is currently owned by hedge funds and other institutional investors.
About Oak Valley Bancorp
(
Get Free Report)
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.
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