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

Key Points

• Director Don Barton sold 375 Oak Valley Bancorp shares at an average price of $34.03, generating $12,761.25. The Rule 10b5-1 transaction reduced his position by 1.27%, leaving him with 29,225 shares.
• OVLY shares traded at $34.28, near their 12-month high of $35.97, with a market capitalization of approximately $288.3 million. The company recently reported quarterly EPS of $0.61 and revenue of $20.61 million.
• The stock maintains a consensus “Buy” rating, while institutional investors own 30.86% of the company; Oak Valley Bancorp also recently paid a $0.375-per-share dividend.

Oak Valley Bancorp (CA) (NASDAQ:OVLY - Get Free Report) Director Don Barton sold 375 shares of Oak Valley Bancorp stock in a transaction on Monday, September 28th. The stock was sold at an average price of $34.03, for a total value of $12,761.25. Following the completion of the sale, the director directly owned 29,225 shares of the company's stock, valued at approximately $994,526.75. The trade was a 1.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, August 26th, Don Barton sold 375 shares of Oak Valley Bancorp stock. The shares were sold at an average price of $34.07, for a total value of $12,776.25.
• 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.

Oak Valley Bancorp Price Performance

NASDAQ OVLY traded up $0.11 during trading hours on Monday, hitting $34.28. The company's stock had a trading volume of 20,027 shares, compared to its average volume of 19,560. Oak Valley Bancorp has a 12 month low of $25.41 and a 12 month high of $35.97. The company's 50 day simple moving average is $33.98 and its two-hundred day simple moving average is $33.59. The company has a market cap of $288.29 million, a P/E ratio of 12.16 and a beta of 0.21.

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last posted its 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 business had revenue of $20.61 million for the quarter.

Oak Valley Bancorp Announces Dividend

The business also recently announced a dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.3750 per share. The ex-dividend date was Monday, August 3rd. This represents a yield of 223.0%. Oak Valley Bancorp's payout ratio is currently 26.60%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Oak Valley Bancorp

Several institutional investors have recently made changes to their positions in OVLY. State Street Corp boosted its position in Oak Valley Bancorp by 23.0% in the 2nd quarter. State Street Corp now owns 130,531 shares of the financial services provider's stock valued at $4,405,000 after buying an additional 24,382 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of Oak Valley Bancorp during the second quarter valued at about $802,000. Kestra Advisory Services LLC boosted its holdings in shares of Oak Valley Bancorp by 1,578.7% in the 1st quarter. Kestra Advisory Services LLC now owns 23,519 shares of the financial services provider's stock valued at $763,000 after buying an additional 22,118 shares in the last quarter. Citadel Advisors LLC raised its stake in shares of Oak Valley Bancorp by 280.6% during the 2nd quarter. Citadel Advisors LLC now owns 28,963 shares of the financial services provider's stock worth $977,000 after acquiring an additional 21,354 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in Oak Valley Bancorp during the second quarter valued at approximately $718,000. Institutional investors own 30.86% of the company's stock.

Oak Valley Bancorp Company Profile

Oak Valley Bancorp is the bank holding company for Oak Valley Community Bank, a community-focused financial institution headquartered in Oakdale, California. The bank serves individuals, families, farmers, professionals and businesses in California's Central Valley through a network of local banking offices.

Oak Valley Community Bank offers deposit accounts, consumer and commercial lending, residential and agricultural loans, cash-management and treasury services, online and mobile banking, and other traditional banking products.

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