Insider Selling: Oak Valley Bancorp (NASDAQ:OVLY) Director Sells $10,271.25 in Stock

Oak Valley Bancorp (NASDAQ:OVLY) Director Don Barton sold 375 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $27.39, for a total transaction of $10,271.25. Following the transaction, the director now owns 35,625 shares in the company, valued at approximately $975,768.75. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Oak Valley Bancorp Stock Up 1.7 %

Shares of Oak Valley Bancorp stock opened at $28.31 on Monday. The company has a market cap of $236.67 million, a price-to-earnings ratio of 9.37 and a beta of 0.33. The company’s 50 day moving average is $27.67 and its 200 day moving average is $27.41. Oak Valley Bancorp has a twelve month low of $22.91 and a twelve month high of $32.24.

Oak Valley Bancorp (NASDAQ:OVLY) last issued its quarterly earnings data on Friday, January 24th. The financial services provider reported $0.73 earnings per share for the quarter. Oak Valley Bancorp had a net margin of 28.03% and a return on equity of 14.28%.

Oak Valley Bancorp Increases Dividend

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

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Oak Valley Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, February 11th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OVLY. Hsbc Holdings PLC increased its stake in shares of Oak Valley Bancorp by 9.4% in the fourth quarter. Hsbc Holdings PLC now owns 9,330 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 803 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Oak Valley Bancorp by 190.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,506 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 987 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Oak Valley Bancorp by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 108,971 shares of the financial services provider’s stock valued at $3,188,000 after acquiring an additional 1,499 shares in the last quarter. Barclays PLC grew 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 valued at $490,000 after acquiring an additional 1,367 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in 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 valued at $234,000 after acquiring an additional 872 shares in the last quarter. 30.86% of the stock is currently owned by institutional investors.

About Oak Valley Bancorp

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.