Oak Valley Bancorp (CA) (OVLY) to Issue Dividend of $0.38 on August 14th

Oak Valley Bancorp (CA) (NASDAQ:OVLY) declared a dividend on Tuesday, July 21st. Stockholders of record on Monday, August 3rd will be paid a dividend of 0.375 per share by the financial services provider on Friday, August 14th. This represents a dividend yield of 228.0%. The ex-dividend date of this dividend is Monday, August 3rd.

Oak Valley Bancorp has raised its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 11 years.

Oak Valley Bancorp Trading Up 1.4%

NASDAQ OVLY opened at $33.87 on Friday. The stock has a 50-day moving average of $33.65 and a 200-day moving average of $33.10. The firm has a market cap of $284.95 million, a PE ratio of 12.01 and a beta of 0.21. Oak Valley Bancorp has a 1-year low of $25.41 and a 1-year high of $35.97.

Oak Valley Bancorp (NASDAQ:OVLY) last announced its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.61 earnings per share (EPS) for the quarter. Oak Valley Bancorp had a return on equity of 11.49% and a net margin of 24.80%.The company had revenue of $20.61 million for the quarter.

Insiders Place Their Bets

In other Oak Valley Bancorp news, Director Gary Strong acquired 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The shares were bought at an average cost of $32.50 per share, with a total value of $65,000.00. Following the completion of the acquisition, the director directly 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 Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders have bought 2,467 shares of company stock valued at $80,383 and have sold 1,125 shares valued at $37,406. 13.94% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Oak Valley Bancorp

Institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC purchased a new position in shares of Oak Valley Bancorp during the 4th quarter valued at approximately $42,000. BNP Paribas Financial Markets lifted its stake in shares of Oak Valley Bancorp by 123.4% in the third quarter. BNP Paribas Financial Markets now owns 2,708 shares of the financial services provider’s stock worth $76,000 after buying an additional 1,496 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Oak Valley Bancorp by 23.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,997 shares of the financial services provider’s stock valued at $169,000 after acquiring an additional 1,145 shares in the last quarter. Legato Capital Management LLC acquired a new position in shares of Oak Valley Bancorp during the 4th quarter valued at about $207,000. Finally, Jane Street Group LLC acquired a new position in Oak Valley Bancorp in the second quarter valued at approximately $208,000. 30.86% of the stock is owned by hedge funds and other institutional investors.

About Oak Valley Bancorp

Oak Valley Bancorp is the bank holding company for Oak Valley Community Bank, a California-chartered commercial bank headquartered in Lodi, California. Through its subsidiary, the company offers a full suite of banking services tailored to individuals, businesses, agricultural enterprises and nonprofit organizations. Its product portfolio includes checking and savings accounts, money market instruments, certificates of deposit and individual retirement accounts, alongside digital banking tools such as mobile and online banking platforms.

On the lending side, Oak Valley Bancorp provides commercial real estate and construction loans, agricultural and farm real estate financing, equipment leases, SBA-initiated programs and lines of credit.