Oak Valley Bancorp (CA) (NASDAQ:OVLY) Director Allison Lafferty Acquires 523 Shares

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 acquired 523 shares of Oak Valley Bancorp stock in a transaction on Thursday, August 14th. The shares were purchased at an average cost of $27.69 per share, for a total transaction of $14,481.87. Following the acquisition, the director owned 7,431 shares in the company, valued at approximately $205,764.39. This represents a 7.57% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, August 1st, Allison Lafferty acquired 165 shares of Oak Valley Bancorp stock. The stock was bought at an average price of $26.46 per share, with a total value of $4,365.90.

Oak Valley Bancorp Stock Down 0.9%

Shares of OVLY traded down $0.24 during trading hours on Thursday, reaching $27.96. The stock had a trading volume of 5,796 shares, compared to its average volume of 12,262. The firm has a 50-day moving average of $27.17 and a 200 day moving average of $26.06. The company has a market cap of $234.30 million, a P/E ratio of 9.54 and a beta of 0.45. Oak Valley Bancorp has a 52 week low of $22.70 and a 52 week high of $32.24.

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

Oak Valley Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Monday, July 28th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.3%. This is a boost from Oak Valley Bancorp's previous quarterly dividend of $0.07. The ex-dividend date was Monday, July 28th. Oak Valley Bancorp's dividend payout ratio (DPR) is 20.48%.

Institutional Investors Weigh In On Oak Valley Bancorp

Hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC bought a new stake in shares of Oak Valley Bancorp during the second quarter worth $208,000. Fourthstone LLC raised its holdings in shares of Oak Valley Bancorp by 36.3% during the second quarter. Fourthstone LLC now owns 141,400 shares of the financial services provider's stock valued at $3,852,000 after purchasing an additional 37,692 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Oak Valley Bancorp by 20.9% during the second quarter. Hsbc Holdings PLC now owns 15,037 shares of the financial services provider's stock valued at $409,000 after purchasing an additional 2,603 shares during the period. Rhumbline Advisers raised its holdings in shares of Oak Valley Bancorp by 59.4% during the second quarter. Rhumbline Advisers now owns 10,401 shares of the financial services provider's stock valued at $283,000 after purchasing an additional 3,875 shares during the period. Finally, LSV Asset Management bought a new stake in shares of Oak Valley Bancorp during the second quarter worth about $79,000. 30.86% of the stock is currently owned by institutional investors and hedge funds.

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.

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