Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 25,800 shares, a growth of 26.5% from the February 28th total of 20,400 shares. Based on an average trading volume of 14,800 shares, the short-interest ratio is presently 1.7 days. Approximately 0.4% of the shares of the company are short sold.
Insider Activity
In other news, Director Gary Strong bought 1,000 shares of the stock in a transaction on Wednesday, January 8th. The shares were purchased at an average cost of $27.17 per share, for a total transaction of $27,170.00. Following the completion of the purchase, the director now directly owns 11,842 shares in the company, valued at $321,747.14. This represents a 9.22 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director H Randolph Holder, Jr. purchased 6,000 shares of the business's stock in a transaction dated Wednesday, January 29th. The shares were purchased at an average price of $25.97 per share, with a total value of $155,820.00. Following the purchase, the director now directly owns 147,633 shares in the company, valued at $3,834,029.01. This trade represents a 4.24 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 10,202 shares of company stock valued at $264,377 in the last three months. Company insiders own 19.26% of the company's stock.
Institutional Trading of Oak Valley Bancorp
Large investors have recently modified their holdings of the business. Valmark Advisers Inc. purchased a new stake in Oak Valley Bancorp in the fourth quarter valued at approximately $1,726,000. JPMorgan Chase & Co. increased its holdings in shares of Oak Valley Bancorp by 118.8% in the 4th quarter. JPMorgan Chase & Co. now owns 23,537 shares of the financial services provider's stock worth $688,000 after buying an additional 12,782 shares during the last quarter. Barclays PLC raised its position in shares of Oak Valley Bancorp by 122.8% during the 3rd quarter. Barclays PLC now owns 15,368 shares of the financial services provider's stock valued at $408,000 after buying an additional 8,471 shares in the last quarter. Legato Capital Management LLC bought a new stake in shares of Oak Valley Bancorp during the 4th quarter worth $212,000. Finally, Sierra Ocean LLC purchased a new position in Oak Valley Bancorp in the fourth quarter worth $163,000. Institutional investors own 30.86% of the company's stock.
Oak Valley Bancorp Stock Performance
Oak Valley Bancorp stock traded up $0.11 during midday trading on Friday, reaching $24.09. 11,659 shares of the stock were exchanged, compared to its average volume of 13,199. Oak Valley Bancorp has a 52 week low of $22.70 and a 52 week high of $32.24. The firm has a market cap of $201.32 million, a PE ratio of 7.98 and a beta of 0.28. The company's fifty day moving average is $25.85 and its 200-day moving average is $27.35.
Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last released its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.73 earnings per share for the quarter. Oak Valley Bancorp had a net margin of 28.03% and a return on equity of 14.28%.
Oak Valley Bancorp Increases Dividend
The firm also recently declared a semi-annual dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a $0.30 dividend. The ex-dividend date was Monday, February 3rd. This represents a dividend yield of 1.7%. This is a boost from Oak Valley Bancorp's previous semi-annual dividend of $0.23. Oak Valley Bancorp's dividend payout ratio (DPR) is presently 19.87%.
Analyst Ratings Changes
Separately, StockNews.com cut Oak Valley Bancorp from a "hold" rating to a "sell" rating in a research report on Monday, March 31st.
Read Our Latest Research Report on Oak Valley Bancorp
About Oak Valley Bancorp
(
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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.
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