Oak Valley Bancorp (NASDAQ:OVLY) Director H Randolph Holder, Jr. Acquires 2,393 Shares

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) 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 Stock Performance

Shares of NASDAQ:OVLY traded up $0.48 during midday trading on Friday, hitting $28.31. The company's stock had a trading volume of 20,038 shares, compared to its average volume of 20,077. The business's 50 day simple moving average is $27.67 and its 200 day simple moving average is $27.42. The company has a market cap of $236.67 million, a P/E ratio of 9.37 and a beta of 0.33. Oak Valley Bancorp has a 12-month low of $22.91 and a 12-month high of $32.24.

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last issued its earnings results on Friday, January 24th. The financial services provider reported $0.73 EPS for the quarter. Oak Valley Bancorp had a net margin of 28.03% and a return on equity of 14.28%.

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Oak Valley Bancorp Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a dividend of $0.30 per share. The ex-dividend date of this dividend was 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%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Oak Valley Bancorp from a "hold" rating to a "sell" rating in a research report on Tuesday, February 11th.

Institutional Investors Weigh In On Oak Valley Bancorp

A number of institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC increased its position in shares of Oak Valley Bancorp by 9.4% during the fourth quarter. Hsbc Holdings PLC now owns 9,330 shares of the financial services provider's stock valued at $281,000 after acquiring an additional 803 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Oak Valley Bancorp by 190.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,506 shares of the financial services provider's stock valued at $44,000 after acquiring an additional 987 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Oak Valley Bancorp by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 108,971 shares of the financial services provider's stock valued at $3,188,000 after acquiring an additional 1,499 shares during the last quarter. Barclays PLC increased its position in shares of Oak Valley Bancorp by 8.9% during the fourth quarter. Barclays PLC now owns 16,735 shares of the financial services provider's stock valued at $490,000 after acquiring an additional 1,367 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Oak Valley Bancorp by 12.2% during the fourth quarter. Wells Fargo & Company MN now owns 8,000 shares of the financial services provider's stock valued at $234,000 after acquiring an additional 872 shares during the last quarter. 30.86% of the stock is currently owned by institutional investors and hedge funds.

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.