Key Points
- Director Don Barton sold 375 Oak Valley Bancorp shares at an average price of $34.03, totaling $12,761.25. The sale was made under a pre-arranged Rule 10b5-1 plan, leaving him with 29,225 shares.
- Oak Valley Bancorp recently reported $0.61 in quarterly EPS on $20.61 million in revenue, with a 24.05% net margin and 11.31% return on equity.
- The stock opened at $34.28, near its 52-week high of $35.97, while analysts maintained an overall “Buy” rating; institutional investors own 30.86% of the company.
Oak Valley Bancorp (CA) (NASDAQ:OVLY - Get Free Report) Director Don Barton sold 375 shares of the business's stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $34.03, for a total value of $12,761.25. Following the sale, the director owned 29,225 shares in the company, valued at approximately $994,526.75. This trade represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Don Barton also recently made the following trade(s):
- On Wednesday, August 26th, Don Barton sold 375 shares of Oak Valley Bancorp stock. The shares were sold at an average price of $34.07, for a total value of $12,776.25.
- On Monday, July 27th, Don Barton sold 375 shares of Oak Valley Bancorp stock. The shares were sold at an average price of $32.72, for a total transaction of $12,270.00.
Oak Valley Bancorp Price Performance
NASDAQ:OVLY opened at $34.28 on Tuesday. Oak Valley Bancorp has a one year low of $25.41 and a one year high of $35.97. The firm's 50 day simple moving average is $33.98 and its 200 day simple moving average is $33.59. The company has a market cap of $288.29 million, a PE ratio of 12.16 and a beta of 0.21.
Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.61 earnings per share (EPS) for the quarter. The firm had revenue of $20.61 million during the quarter. Oak Valley Bancorp had a net margin of 24.05% and a return on equity of 11.31%.
Oak Valley Bancorp Announces Dividend
The business also recently declared a dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were given a $0.3750 dividend. This represents a dividend yield of 223.0%. The ex-dividend date was Monday, August 3rd. Oak Valley Bancorp's payout ratio is 26.60%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC boosted its position in shares of Oak Valley Bancorp by 280.6% during the 2nd quarter. Citadel Advisors LLC now owns 28,963 shares of the financial services provider's stock valued at $977,000 after purchasing an additional 21,354 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in Oak Valley Bancorp by 1,578.7% in the first quarter. Kestra Advisory Services LLC now owns 23,519 shares of the financial services provider's stock worth $763,000 after purchasing an additional 22,118 shares in the last quarter. Susquehanna International Group LLP bought a new stake in Oak Valley Bancorp in the second quarter worth approximately $718,000. Bank of New York Mellon Corp acquired a new position in Oak Valley Bancorp in the second quarter valued at approximately $618,000. Finally, Squarepoint Ops LLC acquired a new position in Oak Valley Bancorp in the second quarter valued at approximately $802,000. 30.86% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Weiss Ratings downgraded 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, the stock presently has an average rating of "Buy".
Get Our Latest Research Report on OVLY
Oak Valley Bancorp Company Profile
(
Get Free Report)
Oak Valley Bancorp is the bank holding company for Oak Valley Community Bank, a community-focused financial institution headquartered in Oakdale, California. The bank serves individuals, families, farmers, professionals and businesses in California's Central Valley through a network of local banking offices.
Oak Valley Community Bank offers deposit accounts, consumer and commercial lending, residential and agricultural loans, cash-management and treasury services, online and mobile banking, and other traditional banking products.
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