Oak Valley Bancorp (NASDAQ:OVLY) Issues Quarterly Earnings Results

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

Oak Valley Bancorp Stock Up 1.5%

OVLY traded up $0.41 during trading on Monday, hitting $27.98. 14,309 shares of the company's stock were exchanged, compared to its average volume of 13,111. The business's 50 day moving average is $26.53 and its two-hundred day moving average is $25.96. Oak Valley Bancorp has a fifty-two week low of $22.70 and a fifty-two week high of $32.24. The stock has a market cap of $234.49 million, a P/E ratio of 9.55 and a beta of 0.45.

Oak Valley Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, July 28th will be issued a dividend of $0.30 per share. This is an increase from Oak Valley Bancorp's previous quarterly dividend of $0.07. This represents a $1.20 annualized dividend and a yield of 4.29%. Oak Valley Bancorp's dividend payout ratio is presently 20.48%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Oak Valley Bancorp news, Director H Randolph Holder, Jr. acquired 2,000 shares of the stock in a transaction on Tuesday, May 27th. The shares were purchased at an average price of $24.83 per share, for a total transaction of $49,660.00. Following the completion of the acquisition, the director owned 152,176 shares in the company, valued at approximately $3,778,530.08. This represents a 1.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders have acquired 3,210 shares of company stock worth $80,447 and have sold 1,525 shares worth $40,380. Insiders own 18.08% of the company's stock.

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.