Oak Valley Bancorp (NASDAQ:OVLY) Director Sells $10,271.25 in Stock

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) Director Don Barton sold 375 shares of Oak Valley Bancorp stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $27.39, for a total value of $10,271.25. Following the completion of the transaction, the director now owns 35,625 shares in the company, valued at $975,768.75. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Oak Valley Bancorp Trading Down 0.0 %

Shares of OVLY traded down $0.01 during mid-day trading on Tuesday, hitting $28.31. The company's stock had a trading volume of 2,909 shares, compared to its average volume of 20,842. The firm has a 50-day simple moving average of $27.61 and a 200 day simple moving average of $27.43. The firm has a market capitalization of $236.63 million, a P/E ratio of 9.37 and a beta of 0.33. Oak Valley Bancorp has a 1-year low of $22.91 and a 1-year high of $32.24.

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

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Oak Valley Bancorp Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued 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 yield of 1.7%. Oak Valley Bancorp's payout ratio is currently 19.87%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Oak Valley Bancorp from a "hold" rating to a "sell" rating in a research note on Tuesday, February 11th.

Hedge Funds Weigh In On Oak Valley Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp raised its holdings in Oak Valley Bancorp by 0.6% during the third quarter. State Street Corp now owns 86,390 shares of the financial services provider's stock worth $2,295,000 after purchasing an additional 510 shares during the last quarter. Hsbc Holdings PLC raised its holdings in 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 worth $281,000 after purchasing an additional 803 shares during the last quarter. FMR LLC raised its holdings in Oak Valley Bancorp by 0.4% during the third quarter. FMR LLC now owns 217,128 shares of the financial services provider's stock worth $5,769,000 after purchasing an additional 842 shares during the last quarter. Wells Fargo & Company MN raised its holdings in 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 worth $234,000 after purchasing an additional 872 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in 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 worth $44,000 after purchasing an additional 987 shares during the last quarter. 30.86% of the stock is 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.