H Randolph Holder, Jr. Purchases 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 Oak Valley Bancorp stock in a transaction dated Monday, February 10th. The shares were bought at an average price of $25.00 per share, with a total value of $59,825.00. Following the transaction, the director now directly owns 150,026 shares in the company, valued at approximately $3,750,650. The trade was a 1.62 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Oak Valley Bancorp Stock Performance

Oak Valley Bancorp stock opened at $27.50 on Thursday. The company has a market capitalization of $229.90 million, a P/E ratio of 9.11 and a beta of 0.33. Oak Valley Bancorp has a fifty-two week low of $22.91 and a fifty-two week high of $32.24. The stock has a 50-day simple moving average of $27.81 and a 200-day simple moving average of $27.41.

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 firm also recently declared a semi-annual dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a $0.30 dividend. This is an increase from Oak Valley Bancorp’s previous semi-annual dividend of $0.23. The ex-dividend date of this dividend is Monday, February 3rd. This represents a yield of 1.7%. Oak Valley Bancorp’s dividend payout ratio is 19.87%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Oak Valley Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Sierra Ocean LLC purchased a new stake in shares of Oak Valley Bancorp in the fourth quarter valued at about $163,000. Legato Capital Management LLC acquired a new position in Oak Valley Bancorp in the 4th quarter valued at about $212,000. JPMorgan Chase & Co. raised its stake in Oak Valley Bancorp by 123.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,755 shares of the financial services provider’s stock valued at $286,000 after acquiring an additional 5,945 shares during the last quarter. Fourthstone LLC acquired a new stake in Oak Valley Bancorp during the 3rd quarter worth approximately $295,000. Finally, Seizert Capital Partners LLC purchased a new position in shares of Oak Valley Bancorp in the 3rd quarter valued at approximately $327,000. 30.86% of the stock is owned by hedge funds and other institutional investors.

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.