H Randolph Holder, Jr. Acquires 2,393 Shares of Oak Valley Bancorp (NASDAQ:OVLY) Stock

Oak Valley Bancorp (NASDAQ:OVLY) Director H Randolph Holder, Jr. acquired 2,393 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was acquired at an average price of $25.00 per share, for a total transaction of $59,825.00. Following the completion of the acquisition, the director now directly owns 150,026 shares of the company’s stock, valued at $3,750,650. The trade was a 1.62 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Oak Valley Bancorp Stock Performance

OVLY opened at $27.83 on Friday. The business’s 50 day moving average price is $27.73 and its 200 day moving average price is $27.42. Oak Valley Bancorp has a one year low of $22.91 and a one year high of $32.24. The stock has a market capitalization of $232.63 million, a PE ratio of 9.22 and a beta of 0.33.

Oak Valley Bancorp (NASDAQ:OVLY) last released its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.73 EPS 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 declared a semi-annual dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.30 per share. This represents a yield of 1.7%. This is a boost from Oak Valley Bancorp’s previous semi-annual dividend of $0.23. The ex-dividend date is Monday, February 3rd. Oak Valley Bancorp’s dividend payout ratio is 19.87%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in Oak Valley Bancorp by 8.9% during the fourth quarter. Barclays PLC now owns 16,735 shares of the financial services provider’s stock worth $490,000 after purchasing an additional 1,367 shares in the last quarter. Wells Fargo & Company MN increased its position 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 during the period. JPMorgan Chase & Co. increased its position in shares of Oak Valley Bancorp by 118.8% during the fourth quarter. JPMorgan Chase & Co. now owns 23,537 shares of the financial services provider’s stock worth $688,000 after acquiring an additional 12,782 shares during the period. Seizert Capital Partners LLC increased its position in shares of Oak Valley Bancorp by 18.0% during the fourth quarter. Seizert Capital Partners LLC now owns 14,539 shares of the financial services provider’s stock worth $425,000 after acquiring an additional 2,217 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Oak Valley Bancorp by 8.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,772 shares of the financial services provider’s stock worth $608,000 after acquiring an additional 1,679 shares during the period. 30.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.