Insider Selling: Oak Valley Bancorp (NASDAQ:OVLY) Director Sells $12,761.25 in Stock

Oak Valley Bancorp (CA) (NASDAQ:OVLY) Director Don Barton sold 375 shares of Oak Valley Bancorp stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $34.03, for a total value of $12,761.25. Following the completion of the transaction, the director directly owned 29,225 shares of the company’s stock, valued at approximately $994,526.75. This trade represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Don Barton also recently made the following trade(s):

• On Wednesday, August 26th, Don Barton sold 375 shares of Oak Valley Bancorp stock. The shares were sold at an average price of $34.07, for a total value of $12,776.25.
• On Monday, July 27th, Don Barton sold 375 shares of Oak Valley Bancorp stock. The shares were sold at an average price of $32.72, for a total value of $12,270.00.

Oak Valley Bancorp Price Performance

NASDAQ OVLY opened at $33.67 on Thursday. The stock has a market capitalization of $283.16 million, a P/E ratio of 11.94 and a beta of 0.21. The business has a 50 day simple moving average of $34.00 and a 200 day simple moving average of $33.62. 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 issued its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.61 earnings per share (EPS) 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 business also recently announced a dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were paid a dividend of $0.3750 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 is currently 26.60%.

Institutional Investors Weigh In On Oak Valley Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Oak Valley Bancorp by 23.0% in the 2nd quarter. State Street Corp now owns 130,531 shares of the financial services provider’s stock worth $4,405,000 after purchasing an additional 24,382 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Oak Valley Bancorp in the 2nd quarter valued at $802,000. Citadel Advisors LLC increased its stake in Oak Valley Bancorp by 280.6% during the 2nd quarter. Citadel Advisors LLC now owns 28,963 shares of the financial services provider’s stock valued at $977,000 after purchasing an additional 21,354 shares in the last quarter. Susquehanna International Group LLP bought a new stake in Oak Valley Bancorp during the 2nd quarter valued at $718,000. Finally, Hsbc Holdings PLC raised its holdings in Oak Valley Bancorp by 9.1% during the second quarter. Hsbc Holdings PLC now owns 23,450 shares of the financial services provider’s stock worth $786,000 after buying an additional 1,949 shares during the last quarter. Institutional investors own 30.86% of the company’s stock.

Analysts Set New Price Targets

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

About Oak Valley Bancorp

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.