Nuveen LLC Purchases 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 shares of Oak Valley Bancorp (CA) (NASDAQ:OVLY - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,679 shares of the financial services provider's stock, valued at approximately $217,000. Nuveen LLC owned 0.10% of Oak Valley Bancorp at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Cetera Investment Advisers increased its position in shares of Oak Valley Bancorp by 392.3% during the first quarter. Cetera Investment Advisers now owns 45,719 shares of the financial services provider's stock valued at $1,141,000 after acquiring an additional 36,432 shares in the last quarter. Bank of America Corp DE boosted its holdings in Oak Valley Bancorp by 29.1% in 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 last quarter. Deutsche Bank AG purchased a new position in shares of Oak Valley Bancorp during the 4th quarter worth $59,000. Dimensional Fund Advisors LP boosted its stake in shares of Oak Valley Bancorp by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 108,971 shares of the financial services provider's stock worth $3,188,000 after acquiring an additional 1,499 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Oak Valley Bancorp by 8.9% during the 4th quarter. Barclays PLC now owns 16,735 shares of the financial services provider's stock valued at $490,000 after buying an additional 1,367 shares in the last quarter. Institutional investors own 30.86% of the company's stock.

Insider Buying and Selling at Oak Valley Bancorp

In other Oak Valley Bancorp news, Director Daniel J. Leonard bought 1,000 shares of Oak Valley Bancorp stock in a transaction dated Friday, August 1st. The shares were purchased at an average cost of $26.20 per share, for a total transaction of $26,200.00. Following the acquisition, the director directly owned 62,223 shares in the company, valued at approximately $1,630,242.60. This represents a 1.63% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders have bought 2,553 shares of company stock valued at $68,385 and have sold 1,125 shares valued at $31,005. 18.08% of the stock is currently owned by company insiders.

Oak Valley Bancorp Stock Performance

OVLY opened at $29.52 on Friday. The stock has a market cap of $247.38 million, a price-to-earnings ratio of 10.08 and a beta of 0.45. The firm's fifty day moving average is $27.80 and its 200 day moving average is $26.22. Oak Valley Bancorp has a fifty-two week low of $22.70 and a fifty-two week high of $32.24.

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last announced its quarterly 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 for 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 announced a quarterly dividend, which was paid on Friday, August 8th. Stockholders 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 was Monday, July 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.1%. Oak Valley Bancorp's payout ratio is presently 20.48%.

Oak Valley Bancorp 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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