Insider Buying: Oak Valley Bancorp (CA) (NASDAQ:OVLY) Director Acquires 500 Shares of Stock

Key Points

• H Randolph Holder, Jr., a director at Oak Valley Bancorp, purchased 500 shares of stock at an average price of $27.00, increasing his ownership to approximately 152,676 shares valued at $4,122,252.
• Oak Valley Bancorp announced a quarterly dividend of $0.30 per share, a significant increase from its previous dividend of $0.07, resulting in a yield of 4.50%.
• In the last quarter, institutional investors have increased their holdings in Oak Valley Bancorp, with Cetera Investment Advisers growing its position by 392.3%.

Oak Valley Bancorp (CA) (NASDAQ:OVLY - Get Free Report) Director H Randolph Holder, Jr. acquired 500 shares of the company's stock in a transaction on Wednesday, July 30th. The shares were acquired at an average price of $27.00 per share, for a total transaction of $13,500.00. Following the completion of the acquisition, the director directly owned 152,676 shares in the company, valued at $4,122,252. The trade was a 0.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Oak Valley Bancorp Trading Down 1.0%

OVLY stock traded down $0.26 during midday trading on Friday, hitting $26.39. 17,533 shares of the company's stock were exchanged, compared to its average volume of 13,789. Oak Valley Bancorp has a 12-month low of $22.70 and a 12-month high of $32.24. The firm has a 50 day moving average price of $26.81 and a 200-day moving average price of $26.01. The stock has a market capitalization of $221.15 million, a price-to-earnings ratio of 9.01 and a beta of 0.45.

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 for the quarter. Oak Valley Bancorp had a return on equity of 13.15% and a net margin of 27.04%. The business had revenue of $19.86 million during the quarter.

Oak Valley Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, July 28th will be issued a $0.30 dividend. This is a positive change from Oak Valley Bancorp's previous quarterly dividend of $0.07. The ex-dividend date is Monday, July 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.5%. Oak Valley Bancorp's dividend payout ratio (DPR) is presently 20.48%.

Institutional Investors Weigh In On Oak Valley Bancorp

A number of institutional investors have recently made changes to their positions in OVLY. Deutsche Bank AG acquired a new position in Oak Valley Bancorp during the 4th quarter valued at approximately $59,000. Bank of America Corp DE boosted its position in Oak Valley Bancorp by 29.1% during the 4th quarter. Bank of America Corp DE now owns 10,394 shares of the financial services provider's stock valued at $304,000 after purchasing an additional 2,343 shares during the period. Dimensional Fund Advisors LP boosted its position in Oak Valley Bancorp by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 108,971 shares of the financial services provider's stock valued at $3,188,000 after purchasing an additional 1,499 shares during the period. JPMorgan Chase & Co. boosted its position in Oak Valley Bancorp by 118.8% during the 4th quarter. JPMorgan Chase & Co. now owns 23,537 shares of the financial services provider's stock valued at $688,000 after purchasing an additional 12,782 shares during the period. Finally, Hsbc Holdings PLC boosted its position in Oak Valley Bancorp by 9.4% during the 4th quarter. Hsbc Holdings PLC now owns 9,330 shares of the financial services provider's stock valued at $281,000 after purchasing an additional 803 shares during the period. 30.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.