Squarepoint Ops LLC Makes New Investment in Oak Valley Bancorp (CA) $OVLY

Squarepoint Ops LLC acquired a new position in shares of Oak Valley Bancorp (CA) (NASDAQ:OVLY) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 23,760 shares of the financial services provider’s stock, valued at approximately $802,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Hsbc Holdings PLC increased its position in shares of Oak Valley Bancorp by 9.1% in the 2nd quarter. Hsbc Holdings PLC now owns 23,450 shares of the financial services provider’s stock valued at $786,000 after acquiring an additional 1,949 shares during the period. Legato Capital Management LLC purchased a new stake in Oak Valley Bancorp in the 4th quarter valued at about $207,000. Algert Global LLC purchased a new position in Oak Valley Bancorp during the 2nd quarter valued at about $334,000. Renaissance Technologies LLC boosted its holdings in Oak Valley Bancorp by 42.8% in the first quarter. Renaissance Technologies LLC now owns 35,375 shares of the financial services provider’s stock valued at $1,147,000 after purchasing an additional 10,602 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Oak Valley Bancorp by 11.2% in the first quarter. Dimensional Fund Advisors LP now owns 158,145 shares of the financial services provider’s stock valued at $5,128,000 after buying an additional 15,865 shares during the last quarter. 30.86% of the stock is owned by institutional investors and hedge funds.

Oak Valley Bancorp Stock Performance

NASDAQ OVLY opened at $34.59 on Friday. The firm has a market capitalization of $290.90 million, a PE ratio of 12.27 and a beta of 0.21. The company has a 50-day simple moving average of $33.91 and a 200-day simple moving average of $33.52. Oak Valley Bancorp has a one year low of $25.41 and a one year high of $35.97.

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

Oak Valley Bancorp Dividend Announcement

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

Insider Buying and Selling at Oak Valley Bancorp

In other Oak Valley Bancorp news, Director Gary Strong acquired 2,000 shares of the company’s stock in a transaction dated Monday, July 27th. The stock was bought at an average price of $32.50 per share, for a total transaction of $65,000.00. Following the purchase, the director owned 14,842 shares in the company, valued at $482,365. This represents a 15.57% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Allison Lafferty acquired 1,307 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were bought at an average cost of $33.93 per share, for a total transaction of $44,346.51. Following the completion of the acquisition, the director directly owned 10,000 shares of the company’s stock, valued at approximately $339,300. This represents a 15.04% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders acquired 3,672 shares of company stock worth $121,830 and sold 1,125 shares worth $37,519. Company insiders own 13.94% of the company’s stock.

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, Based on data from MarketBeat.com, Oak Valley Bancorp has a consensus rating of “Buy”.

Oak Valley Bancorp Profile

Oak Valley Bancorp is the bank holding company for Oak Valley Community Bank, a community-focused financial institution headquartered in Oakdale, California. The bank serves individuals, families, farmers, professionals and businesses in California’s Central Valley through a network of local banking offices.

Oak Valley Community Bank offers deposit accounts, consumer and commercial lending, residential and agricultural loans, cash-management and treasury services, online and mobile banking, and other traditional banking products.