Oak Valley Bancorp (CA) (NASDAQ:OVLY) Announces Dividend Increase - $0.30 Per Share

Key Points

• Oak Valley Bancorp has declared a quarterly dividend of $0.30 per share, marking a significant increase of 361.5% from the previous dividend of $0.07.
• The company's stock showed a 1.0% increase, and it has a current market cap of $232.80 million with a P/E ratio of 9.48.
• Insider H Randolph Holder, Jr. purchased 2,000 shares at an average price of $24.83, raising their ownership stake by 1.33% to a total of 152,176 shares.

Oak Valley Bancorp (CA) (NASDAQ:OVLY - Get Free Report) declared a quarterly dividend on Tuesday, July 15th, RTT News reports. Stockholders of record on Monday, July 28th will be paid a dividend of 0.30 per share by the financial services provider on Friday, August 8th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date is Monday, July 28th. This is a 361.5% increase from Oak Valley Bancorp's previous quarterly dividend of $0.07.

Oak Valley Bancorp Stock Down 2.2%

Oak Valley Bancorp stock traded down $0.62 during mid-day trading on Wednesday, reaching $26.95. 8,958 shares of the company's stock were exchanged, compared to its average volume of 21,245. The firm has a market capitalization of $225.89 million, a PE ratio of 9.20 and a beta of 0.45. Oak Valley Bancorp has a one year low of $22.70 and a one year high of $32.24. The business's fifty day simple moving average is $26.75 and its 200 day simple moving average is $26.00.

Oak Valley Bancorp (NASDAQ:OVLY - Get Free Report) last announced its quarterly earnings data on Friday, July 18th. The financial services provider reported $0.67 EPS for the quarter. Oak Valley Bancorp had a return on equity of 13.15% and a net margin of 27.04%. The firm had revenue of $19.86 million for the quarter.

Insider Activity at Oak Valley Bancorp

In other Oak Valley Bancorp news, Director H Randolph Holder, Jr. acquired 2,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was purchased at an average price of $24.83 per share, for a total transaction of $49,660.00. Following the acquisition, the director owned 152,176 shares in the company, valued at approximately $3,778,530.08. This trade represents a 1.33% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 1,125 shares of company stock worth $30,420. Corporate insiders own 18.08% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised Oak Valley Bancorp from a "sell" rating to a "hold" rating in a research note on Tuesday, April 8th.

About Oak Valley Bancorp

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.