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

Key Points

• Director Don Barton sold 375 Oak Valley Bancorp shares at an average price of $34.07, generating $12,776.25. The Rule 10b5-1 transaction reduced his ownership by 1.25%, leaving him with 29,600 shares.
• Oak Valley Bancorp shares recently traded at $33.98, down 0.2%, with a market capitalization of approximately $285.9 million. The company reported quarterly EPS of $0.61 on revenue of $20.61 million.
• The stock maintains an overall “Buy” consensus from analysts, although Weiss Ratings slightly downgraded its assessment from “buy (b)” to “buy (b-).” Institutional investors and hedge funds own 30.86% of the company.

Oak Valley Bancorp (CA) (NASDAQ:OVLY - Get Free Report) Director Don Barton sold 375 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $34.07, for a total transaction of $12,776.25. Following the completion of the sale, the director directly owned 29,600 shares of the company's stock, valued at approximately $1,008,472. This trade represents a 1.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, July 27th, Don Barton sold 375 shares of Oak Valley Bancorp stock. The shares were sold at an average price of $32.72, for a total value of $12,270.00.
• On Friday, June 26th, Don Barton sold 375 shares of Oak Valley Bancorp stock. The stock was sold at an average price of $33.26, for a total value of $12,472.50.

Oak Valley Bancorp Stock Down 0.2%

Oak Valley Bancorp stock traded down $0.06 on Friday, hitting $33.98. The company's stock had a trading volume of 20,014 shares, compared to its average volume of 32,883. The firm has a market cap of $285.87 million, a P/E ratio of 12.05 and a beta of 0.21. The company has a fifty day moving average price of $33.68 and a 200-day moving average price of $33.39. Oak Valley Bancorp has a one year low of $25.41 and a one year high of $35.97.

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.61 earnings per share (EPS) for the quarter. Oak Valley Bancorp had a net margin of 24.05% and a return on equity of 11.31%. The firm had revenue of $20.61 million during the quarter.

Oak Valley Bancorp Announces Dividend

The company also recently announced a dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were issued a $0.375 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a dividend yield of 223.0%. Oak Valley Bancorp's dividend payout ratio is presently 26.60%.

Institutional Trading of Oak Valley Bancorp

Hedge funds have recently modified their holdings of the company. Kestra Advisory Services LLC acquired a new stake in Oak Valley Bancorp during the 4th quarter worth $42,000. BNP Paribas Financial Markets raised its position in Oak Valley Bancorp by 123.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,708 shares of the financial services provider's stock valued at $76,000 after buying an additional 1,496 shares during the last quarter. California State Teachers Retirement System lifted its stake in Oak Valley Bancorp by 775.7% in the 2nd quarter. California State Teachers Retirement System now owns 3,240 shares of the financial services provider's stock valued at $109,000 after acquiring an additional 2,870 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Oak Valley Bancorp by 23.6% in the third quarter. JPMorgan Chase & Co. now owns 5,997 shares of the financial services provider's stock worth $169,000 after purchasing an additional 1,145 shares in the last quarter. Finally, Legato Capital Management LLC bought a new stake in Oak Valley Bancorp during the 4th quarter worth about $207,000. 30.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Oak Valley Bancorp from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, August 14th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy".

Oak Valley Bancorp Company Profile

Oak Valley Bancorp is the bank holding company for Oak Valley Community Bank, a California-chartered commercial bank headquartered in Lodi, California. Through its subsidiary, the company offers a full suite of banking services tailored to individuals, businesses, agricultural enterprises and nonprofit organizations. Its product portfolio includes checking and savings accounts, money market instruments, certificates of deposit and individual retirement accounts, alongside digital banking tools such as mobile and online banking platforms.

On the lending side, Oak Valley Bancorp provides commercial real estate and construction loans, agricultural and farm real estate financing, equipment leases, SBA-initiated programs and lines of credit.

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