Oak Valley Bancorp (NASDAQ:OVLY) Director Acquires $14,481.87 in Stock

Key Points

• Director Allison Lafferty of Oak Valley Bancorp acquired 523 shares at $27.69 each, increasing her ownership to a total of 7,431 shares valued at approximately $205,764.
• Oak Valley Bancorp recently increased its quarterly dividend to $0.30 per share, reflecting an annualized yield of 4.3% and a dividend payout ratio of 20.48%.
• The company's stock had a slight decline of 0.9% during trading, with shares reaching $27.96, while recent earnings reported a $0.67 EPS for the quarter.

Oak Valley Bancorp (CA) (NASDAQ:OVLY - Get Free Report) Director Allison Lafferty purchased 523 shares of Oak Valley Bancorp stock in a transaction dated Thursday, August 14th. The shares were acquired at an average cost of $27.69 per share, for a total transaction of $14,481.87. Following the completion of the transaction, the director owned 7,431 shares of the company's stock, valued at approximately $205,764.39. This represents a 7.57% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Allison Lafferty also recently made the following trade(s):

• On Friday, August 1st, Allison Lafferty purchased 165 shares of Oak Valley Bancorp stock. The shares were acquired at an average cost of $26.46 per share, for a total transaction of $4,365.90.

Oak Valley Bancorp Trading Up 0.3%

Shares of OVLY stock traded up $0.07 during trading hours on Tuesday, reaching $27.72. 5,625 shares of the company's stock were exchanged, compared to its average volume of 11,082. The stock's 50 day moving average is $27.22 and its 200-day moving average is $26.08. The company has a market cap of $232.29 million, a price-to-earnings ratio of 9.45 and a beta of 0.45. 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 issued its quarterly earnings results on Friday, July 18th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. The business had revenue of $19.86 million for the quarter. Oak Valley Bancorp had a return on equity of 13.12% and a net margin of 26.38%.

Oak Valley Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Monday, July 28th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, July 28th. This is a boost from Oak Valley Bancorp's previous quarterly dividend of $0.07. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.3%. Oak Valley Bancorp's payout ratio is currently 20.48%.

Hedge Funds Weigh In On Oak Valley Bancorp

Hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its position in shares of Oak Valley Bancorp by 190.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,506 shares of the financial services provider's stock valued at $44,000 after acquiring an additional 987 shares during the period. Deutsche Bank AG acquired a new position in shares of Oak Valley Bancorp in the 4th quarter valued at $59,000. LSV Asset Management acquired a new position in shares of Oak Valley Bancorp in the 2nd quarter valued at $79,000. Jane Street Group LLC acquired a new position in shares of Oak Valley Bancorp in the 2nd quarter valued at $208,000. Finally, Nuveen LLC acquired a new position in shares of Oak Valley Bancorp in the 1st quarter valued at $217,000. 30.86% of the stock is owned by institutional investors and hedge funds.

Oak Valley Bancorp Company 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.