Shares of Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $27.41 and traded as low as $24.50. Oak Valley Bancorp shares last traded at $24.59, with a volume of 3,513 shares changing hands.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Oak Valley Bancorp from a "sell" rating to a "hold" rating in a research report on Tuesday, March 18th.
View Our Latest Report on OVLY
Oak Valley Bancorp Trading Down 0.5 %
The firm has a 50-day moving average of $26.01 and a 200 day moving average of $27.39. The company has a market cap of $209.98 million, a P/E ratio of 8.32 and a beta of 0.28.
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 earnings per share (EPS) for the quarter. Oak Valley Bancorp had a return on equity of 14.28% and a net margin of 28.03%.
Oak Valley Bancorp Increases Dividend
The company also recently announced a semi-annual dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a $0.30 dividend. The ex-dividend date was Monday, February 3rd. This is an increase 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%.
Insider Buying and Selling
In other Oak Valley Bancorp news, Director Gary Strong bought 1,000 shares of Oak Valley Bancorp stock in a transaction dated Wednesday, January 8th. The stock was bought at an average cost of $27.17 per share, with a total value of $27,170.00. Following the completion of the acquisition, the director now directly owns 11,842 shares in the company, valued at approximately $321,747.14. The trade was a 9.22 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director H Randolph Holder, Jr. bought 2,393 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were acquired at an average cost of $25.00 per share, with a total value of $59,825.00. Following the completion of the transaction, the director now owns 150,026 shares in the company, valued at approximately $3,750,650. The trade was a 1.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 9,924 shares of company stock valued at $256,577. 19.26% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OVLY. Tower Research Capital LLC TRC increased its stake in shares of Oak Valley Bancorp by 190.2% during the 4th 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. Deutsche Bank AG purchased a new stake in Oak Valley Bancorp in the fourth quarter worth $59,000. Sierra Ocean LLC purchased a new stake in Oak Valley Bancorp in the fourth quarter worth $163,000. Legato Capital Management LLC bought a new stake in shares of Oak Valley Bancorp in the fourth quarter valued at $212,000. Finally, Wells Fargo & Company MN lifted its position in shares of Oak Valley Bancorp by 12.2% during the 4th quarter. Wells Fargo & Company MN now owns 8,000 shares of the financial services provider's stock valued at $234,000 after buying an additional 872 shares during the last quarter. 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 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.
Further Reading
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