59,009 Shares in Oak Valley Bancorp (NASDAQ:OVLY) Acquired by Valmark Advisers Inc.

Valmark Advisers Inc. bought a new position in shares of Oak Valley Bancorp (NASDAQ:OVLY - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 59,009 shares of the financial services provider's stock, valued at approximately $1,726,000. Valmark Advisers Inc. owned 0.71% of Oak Valley Bancorp at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Legato Capital Management LLC acquired a new position in Oak Valley Bancorp in the 4th quarter valued at $212,000. JPMorgan Chase & Co. raised its stake in Oak Valley Bancorp by 123.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,755 shares of the financial services provider's stock valued at $286,000 after purchasing an additional 5,945 shares during the last quarter. Fourthstone LLC acquired a new position in Oak Valley Bancorp in the 3rd quarter valued at $295,000. Seizert Capital Partners LLC acquired a new position in Oak Valley Bancorp in the 3rd quarter valued at $327,000. Finally, Barclays PLC raised its stake in Oak Valley Bancorp by 122.8% in the 3rd quarter. Barclays PLC now owns 15,368 shares of the financial services provider's stock valued at $408,000 after purchasing an additional 8,471 shares during the last quarter. 30.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Oak Valley Bancorp

In related news, Director Gary Strong acquired 1,000 shares of the firm's stock in a transaction dated 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 acquisition, the director now owns 11,842 shares in the company, valued at $321,747.14. The trade was a 9.22 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director H Randolph Holder, Jr. acquired 6,000 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were bought at an average cost of $25.97 per share, with a total value of $155,820.00. Following the transaction, 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 a total of 9,774 shares of company stock worth $252,527 in the last three months. 19.26% of the stock is owned by corporate insiders.

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Oak Valley Bancorp Trading Down 0.7 %

NASDAQ:OVLY traded down $0.18 during trading hours on Thursday, hitting $27.49. The company had a trading volume of 7,350 shares, compared to its average volume of 20,329. The company has a 50-day moving average of $27.40 and a 200 day moving average of $27.44. The company has a market cap of $229.82 million, a P/E ratio of 9.10 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 issued its 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 business also recently announced a semi-annual dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a $0.30 dividend. This is a boost from Oak Valley Bancorp's previous semi-annual dividend of $0.23. This represents a yield of 1.7%. The ex-dividend date was Monday, February 3rd. Oak Valley Bancorp's dividend payout ratio is presently 19.87%.

Analyst Upgrades and Downgrades

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

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.