Don Barton Sells 375 Shares of Oak Valley Bancorp (CA) (NASDAQ:OVLY) Stock

Key Points

• Director Don Barton sold 375 shares of Oak Valley Bancorp at an average price of $27.94, totaling approximately $10,477.50, reducing his ownership by 1.12% to 32,975 shares.
• Oak Valley Bancorp recently declared a quarterly dividend of $0.30 per share, up from the previous dividend of $0.07, reflecting an annualized yield of 4.3%.
• Institutional investors own 30.86% of Oak Valley Bancorp's stock, with significant recent investments from firms like Tower Research Capital and Deutsche Bank.

Oak Valley Bancorp (CA) (NASDAQ:OVLY - Get Free Report) Director Don Barton sold 375 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $27.94, for a total transaction of $10,477.50. Following the sale, the director owned 32,975 shares of the company's stock, valued at $921,321.50. The trade was a 1.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Don Barton also recently made the following trade(s):

• On Monday, July 14th, Don Barton sold 375 shares of Oak Valley Bancorp stock. The stock was sold at an average price of $28.63, for a total transaction of $10,736.25.
• On Thursday, June 12th, Don Barton sold 375 shares of Oak Valley Bancorp stock. The stock was sold at an average price of $26.11, for a total transaction of $9,791.25.

Oak Valley Bancorp Price Performance

Oak Valley Bancorp stock traded up $0.55 during midday trading on Tuesday, reaching $28.15. The stock had a trading volume of 11,384 shares, compared to its average volume of 17,931. The firm's fifty day simple moving average is $27.06 and its two-hundred day simple moving average is $26.03. Oak Valley Bancorp has a twelve month low of $22.70 and a twelve month high of $32.24. The firm has a market cap of $235.90 million, a price-to-earnings ratio of 9.61 and a beta of 0.45.

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last issued its earnings results on Friday, July 18th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. The company had revenue of $19.86 million during the quarter. Oak Valley Bancorp had a net margin of 27.04% and a return on equity of 13.15%.

Oak Valley Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Monday, July 28th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, July 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.3%. This is an increase from Oak Valley Bancorp's previous quarterly dividend of $0.07. Oak Valley Bancorp's payout ratio is 20.48%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC raised its holdings in Oak Valley Bancorp by 190.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,506 shares of the financial services provider's stock worth $44,000 after acquiring an additional 987 shares during the period. Deutsche Bank AG bought a new position in Oak Valley Bancorp in the 4th quarter worth $59,000. LSV Asset Management acquired a new stake in Oak Valley Bancorp in the 2nd quarter worth $79,000. Nuveen LLC acquired a new stake in Oak Valley Bancorp in the 1st quarter worth $217,000. Finally, Wells Fargo & Company MN grew its position in Oak Valley Bancorp by 12.2% in the 4th 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. Institutional investors own 30.86% of the company's stock.

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.

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