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 stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $27.94, for a total transaction of $10,477.50. Following the completion of the sale, the director owned 32,975 shares of the company's stock, valued at approximately $921,321.50. This trade represents a 1.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 Trading Down 1.1%

Shares of OVLY stock traded down $0.31 during trading hours on Friday, hitting $27.65. 7,937 shares of the company were exchanged, compared to its average volume of 11,398. The firm has a fifty day simple moving average of $27.19 and a 200 day simple moving average of $26.07. Oak Valley Bancorp has a 52-week low of $22.70 and a 52-week high of $32.24. The stock has a market capitalization of $231.71 million, a price-to-earnings ratio of 9.44 and a beta of 0.45.

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last released its quarterly earnings data on Friday, July 18th. The financial services provider reported $0.67 EPS for the quarter. The company had revenue of $19.86 million during the quarter. Oak Valley Bancorp had a net margin of 26.38% and a return on equity of 13.12%.

Oak Valley Bancorp Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of OVLY. Tower Research Capital LLC TRC boosted 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 buying an additional 987 shares during the period. Deutsche Bank AG bought a new position in Oak Valley Bancorp in the 4th quarter valued at $59,000. LSV Asset Management bought a new position in Oak Valley Bancorp in the 2nd quarter valued at $79,000. Jane Street Group LLC bought a new position in Oak Valley Bancorp in the 2nd quarter valued at $208,000. Finally, Nuveen LLC bought a new position in Oak Valley Bancorp in the 1st quarter valued at $217,000. 30.86% of the stock is owned by institutional investors.

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.