Oak Valley Bancorp (NASDAQ:OVLY) Director Allison Lafferty Acquires 1,307 Shares

Oak Valley Bancorp (CA) (NASDAQ:OVLYGet Free Report) Director Allison Lafferty purchased 1,307 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was bought at an average cost of $33.93 per share, with a total value of $44,346.51. Following the completion of the purchase, the director owned 10,000 shares of the company’s stock, valued at $339,300. This represents a 15.04% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Oak Valley Bancorp Price Performance

Shares of OVLY opened at $34.51 on Friday. The company has a 50-day simple moving average of $33.72 and a two-hundred day simple moving average of $33.41. The firm has a market capitalization of $290.23 million, a PE ratio of 12.24 and a beta of 0.21. Oak Valley Bancorp has a one year low of $25.41 and a one year high of $35.97.

Oak Valley Bancorp (NASDAQ:OVLYGet Free Report) last posted its earnings results on Wednesday, July 22nd. The financial services provider reported $0.61 earnings per share for the quarter. The firm had revenue of $20.61 million for the quarter. Oak Valley Bancorp had a return on equity of 11.31% and a net margin of 24.05%.

Oak Valley Bancorp Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a yield of 223.0%. Oak Valley Bancorp’s dividend payout ratio (DPR) is currently 26.60%.

Hedge Funds Weigh In On Oak Valley Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fourthstone LLC increased its holdings in shares of Oak Valley Bancorp by 84.1% in the 4th quarter. Fourthstone LLC now owns 305,401 shares of the financial services provider’s stock worth $9,180,000 after purchasing an additional 139,545 shares in the last quarter. Kestra Advisory Services LLC raised its stake in Oak Valley Bancorp by 1,578.7% during the 1st quarter. Kestra Advisory Services LLC now owns 23,519 shares of the financial services provider’s stock valued at $763,000 after buying an additional 22,118 shares during the last quarter. Citadel Advisors LLC grew its position in Oak Valley Bancorp by 280.6% during the second quarter. Citadel Advisors LLC now owns 28,963 shares of the financial services provider’s stock valued at $977,000 after buying an additional 21,354 shares during the period. Susquehanna International Group LLP purchased a new stake in Oak Valley Bancorp during the second quarter valued at approximately $718,000. Finally, Bank of New York Mellon Corp purchased a new stake in Oak Valley Bancorp during the second quarter valued at approximately $618,000. 30.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Oak Valley Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, August 14th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy”.

Check Out Our Latest Stock Analysis on Oak Valley Bancorp

About Oak Valley Bancorp

(Get Free Report)

Oak Valley Bancorp is the bank holding company for Oak Valley Community Bank, a California-chartered commercial bank headquartered in Lodi, California. Through its subsidiary, the company offers a full suite of banking services tailored to individuals, businesses, agricultural enterprises and nonprofit organizations. Its product portfolio includes checking and savings accounts, money market instruments, certificates of deposit and individual retirement accounts, alongside digital banking tools such as mobile and online banking platforms.

On the lending side, Oak Valley Bancorp provides commercial real estate and construction loans, agricultural and farm real estate financing, equipment leases, SBA-initiated programs and lines of credit.

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