Oak Valley Bancorp (CA) (NASDAQ:OVLY) Director H Randolph Holder, Jr. Acquires 500 Shares

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. bought 500 shares of Oak Valley Bancorp stock in a transaction dated Wednesday, July 30th. The stock was acquired at an average price of $27.00 per share, with a total value of $13,500.00. Following the acquisition, the director directly owned 152,676 shares of the company's stock, valued at approximately $4,122,252. This represents a 0.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Oak Valley Bancorp Stock Down 1.0%

Shares of OVLY traded down $0.26 during mid-day trading on Friday, reaching $26.39. The company's stock had a trading volume of 17,533 shares, compared to its average volume of 22,263. The business has a fifty day moving average of $26.84 and a 200 day moving average of $25.99. The company has a market cap of $221.15 million, a price-to-earnings ratio of 9.01 and a beta of 0.45. Oak Valley Bancorp has a 1 year low of $22.70 and a 1 year high of $32.24.

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

Oak Valley Bancorp Increases Dividend

The firm also recently announced 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. The ex-dividend date is Monday, July 28th. This is an increase 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 4.5%. Oak Valley Bancorp's dividend payout ratio is currently 20.48%.

Institutional Trading of Oak Valley Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of OVLY. Tower Research Capital LLC TRC raised its holdings in shares of Oak Valley Bancorp by 190.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,506 shares of the financial services provider's stock worth $44,000 after acquiring an additional 987 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of Oak Valley Bancorp during the fourth quarter worth $59,000. Nuveen LLC purchased a new stake in shares of Oak Valley Bancorp during the first quarter worth $217,000. Wells Fargo & Company MN raised its holdings in shares of Oak Valley Bancorp by 12.2% during the fourth quarter. Wells Fargo & Company MN now owns 8,000 shares of the financial services provider's stock worth $234,000 after acquiring an additional 872 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in shares of Oak Valley Bancorp by 9.4% during the fourth quarter. Hsbc Holdings PLC now owns 9,330 shares of the financial services provider's stock worth $281,000 after acquiring an additional 803 shares in the last quarter. 30.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Oak Valley Bancorp from a "sell" rating to a "hold" rating in a report 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.