Nuveen LLC Acquires Shares of 8,679 Oak Valley Bancorp (CA) $OVLY

Key Points

• Nuveen LLC acquired a new position in Oak Valley Bancorp, purchasing 8,679 shares valued at approximately $217,000 in the first quarter, representing 0.10% ownership.
• The company recently announced a quarterly dividend of $0.30, a significant increase from its prior dividend of $0.07, equating to an annualized yield of 4.1%.
• Oak Valley Bancorp reported quarterly earnings of $0.67 EPS with revenue of $19.86 million, showcasing a net margin of 26.38% and a return on equity of 13.12%.

Nuveen LLC bought a new position in Oak Valley Bancorp (CA) (NASDAQ:OVLY - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,679 shares of the financial services provider's stock, valued at approximately $217,000. Nuveen LLC owned about 0.10% of Oak Valley Bancorp as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its position in 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 valued at $44,000 after buying an additional 987 shares during the period. Deutsche Bank AG bought a new position in shares of Oak Valley Bancorp during the fourth quarter valued at about $59,000. Hsbc Holdings PLC raised its stake in shares of Oak Valley Bancorp by 9.4% during the fourth quarter. Hsbc Holdings PLC now owns 9,330 shares of the financial services provider's stock valued at $281,000 after acquiring an additional 803 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Oak Valley Bancorp by 29.1% during the fourth quarter. Bank of America Corp DE now owns 10,394 shares of the financial services provider's stock worth $304,000 after purchasing an additional 2,343 shares during the period. Finally, Barclays PLC grew its stake in shares of Oak Valley Bancorp by 8.9% in the fourth quarter. Barclays PLC now owns 16,735 shares of the financial services provider's stock worth $490,000 after purchasing an additional 1,367 shares during the last quarter. 30.86% of the stock is owned by hedge funds and other institutional investors.

Oak Valley Bancorp Price Performance

NASDAQ:OVLY traded up $0.23 during mid-day trading on Thursday, reaching $29.15. 12,883 shares of the company's stock traded hands, compared to its average volume of 8,082. The company has a 50 day moving average price of $27.92 and a 200-day moving average price of $26.28. The firm has a market capitalization of $244.31 million, a price-to-earnings ratio of 9.95 and a beta of 0.45. Oak Valley Bancorp has a 12-month low of $22.70 and a 12-month high of $32.24.

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 earnings per share for the quarter. Oak Valley Bancorp had a return on equity of 13.12% and a net margin of 26.38%.The business had revenue of $19.86 million during the quarter.

Oak Valley Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Monday, July 28th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.1%. This is an increase from Oak Valley Bancorp's previous quarterly dividend of $0.07. The ex-dividend date was Monday, July 28th. Oak Valley Bancorp's dividend payout ratio (DPR) is presently 20.48%.

Insider Transactions at Oak Valley Bancorp

In related news, Director Daniel J. Leonard acquired 1,000 shares of Oak Valley Bancorp stock in a transaction on Friday, August 1st. The shares were acquired at an average cost of $26.20 per share, with a total value of $26,200.00. Following the transaction, the director owned 62,223 shares in the company, valued at $1,630,242.60. This trade represents a 1.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have acquired 2,553 shares of company stock worth $68,385. 18.08% of the stock is currently owned by insiders.

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.