Oak Valley Bancorp (NASDAQ:OVLY) Director Purchases 1,307 Shares of Stock

Key Points

• Director Allison Lafferty purchased 1,307 Oak Valley Bancorp shares at an average price of $33.93, increasing her direct ownership by 15.04% to 10,000 shares.
• OVLY shares rose 0.5% to $34.51, while the company reported quarterly EPS of $0.61 on revenue of $20.61 million and maintained a 24.05% net margin.
• Institutional investors own 30.86% of the company, and the stock retains an overall “Buy” rating despite Weiss Ratings downgrading it from “buy (b)” to “buy (b-).”

Oak Valley Bancorp (CA) (NASDAQ:OVLY - Get Free Report) Director Allison Lafferty acquired 1,307 shares of the stock in a transaction dated Wednesday, August 26th. The shares were bought at an average price of $33.93 per share, with a total value of $44,346.51. Following the completion of the transaction, the director directly owned 10,000 shares of the company's stock, valued at $339,300. The trade was a 15.04% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Oak Valley Bancorp Trading Up 0.5%

OVLY stock traded up $0.17 during midday trading on Thursday, hitting $34.51. The stock had a trading volume of 11,941 shares, compared to its average volume of 26,509. The firm has a market cap of $290.23 million, a P/E ratio of 12.24 and a beta of 0.21. The business has a fifty day moving average price of $33.72 and a two-hundred day moving average price of $33.41. Oak Valley Bancorp has a 1-year low of $25.41 and a 1-year high of $35.97.

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

Oak Valley Bancorp Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Citadel Advisors LLC grew its holdings in Oak Valley Bancorp by 280.6% during the second quarter. Citadel Advisors LLC now owns 28,963 shares of the financial services provider's stock worth $977,000 after buying an additional 21,354 shares in the last quarter. California State Teachers Retirement System raised its position 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 buying an additional 2,870 shares during the last quarter. Susquehanna International Group LLP bought a new position in Oak Valley Bancorp during the 2nd quarter valued at $718,000. Hsbc Holdings PLC boosted its holdings in Oak Valley Bancorp by 9.1% during the 2nd quarter. Hsbc Holdings PLC now owns 23,450 shares of the financial services provider's stock worth $786,000 after acquiring an additional 1,949 shares during the last quarter. Finally, Algert Global LLC purchased a new position in Oak Valley Bancorp during the 2nd quarter worth $334,000. Institutional investors own 30.86% of the company's stock.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Oak Valley Bancorp from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source