Oak Valley Bancorp (NASDAQ:OVLY) Director Don Barton Sells 375 Shares

Oak Valley Bancorp (NASDAQ:OVLY) Director Don Barton sold 375 shares of Oak Valley Bancorp stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $27.39, for a total value of $10,271.25. Following the completion of the transaction, the director now directly owns 35,625 shares in the company, valued at approximately $975,768.75. This represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Oak Valley Bancorp Stock Up 1.7 %

Shares of NASDAQ OVLY opened at $28.31 on Friday. Oak Valley Bancorp has a 12 month low of $22.91 and a 12 month high of $32.24. The company has a market cap of $236.67 million, a P/E ratio of 9.37 and a beta of 0.33. The business’s 50 day moving average is $27.67 and its two-hundred day moving average is $27.43.

Oak Valley Bancorp (NASDAQ:OVLY) last announced its quarterly earnings data on Friday, January 24th. The financial services provider reported $0.73 earnings per share for the quarter. Oak Valley Bancorp had a return on equity of 14.28% and a net margin of 28.03%.

Oak Valley Bancorp Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.30 per share. This represents a dividend yield of 1.7%. The ex-dividend date was Monday, February 3rd. This is a positive change from Oak Valley Bancorp’s previous semi-annual dividend of $0.23. Oak Valley Bancorp’s dividend payout ratio (DPR) is presently 19.87%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Oak Valley Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday.

Institutional Trading of Oak Valley Bancorp

Several institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC grew its holdings in shares of 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 worth $281,000 after purchasing an additional 803 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Oak Valley Bancorp by 190.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,506 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 987 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Oak Valley Bancorp by 1.4% in 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 buying an additional 1,499 shares in the last quarter. Barclays PLC boosted its stake in Oak Valley Bancorp by 8.9% in the 4th quarter. Barclays PLC now owns 16,735 shares of the financial services provider’s stock valued at $490,000 after buying an additional 1,367 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Oak Valley Bancorp by 12.2% in the 4th quarter. Wells Fargo & Company MN now owns 8,000 shares of the financial services provider’s stock valued at $234,000 after buying an additional 872 shares in the last quarter. Institutional investors and hedge funds own 30.86% 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.