Allison Lafferty Purchases 1,307 Shares of Oak Valley Bancorp (NASDAQ:OVLY) Stock

Oak Valley Bancorp (CA) (NASDAQ:OVLY) Director Allison Lafferty acquired 1,307 shares of Oak Valley Bancorp stock in a transaction on Wednesday, August 26th. The stock was acquired at an average cost of $33.93 per share, for a total transaction of $44,346.51. Following the purchase, the director owned 10,000 shares of the company’s stock, valued at approximately $339,300. This represents a 15.04% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Oak Valley Bancorp Stock Performance

Shares of NASDAQ:OVLY opened at $34.88 on Friday. Oak Valley Bancorp has a twelve month low of $25.41 and a twelve month high of $35.97. The firm has a market cap of $293.34 million, a PE ratio of 12.37 and a beta of 0.21. The business has a fifty day moving average of $33.74 and a 200-day moving average of $33.42.

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. 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 for the quarter.

Oak Valley Bancorp Dividend Announcement

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

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Oak Valley Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Institutional Trading of Oak Valley Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new position in Oak Valley Bancorp during the 4th quarter valued at about $42,000. BNP Paribas Financial Markets grew its holdings in Oak Valley Bancorp by 123.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,708 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 1,496 shares during the period. California State Teachers Retirement System grew its holdings in Oak Valley Bancorp by 775.7% during the 2nd quarter. California State Teachers Retirement System now owns 3,240 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 2,870 shares during the period. JPMorgan Chase & Co. raised its position in shares of 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 during the last quarter. Finally, Legato Capital Management LLC bought a new stake in shares of Oak Valley Bancorp during the 4th quarter valued at $207,000. 30.86% of the stock is currently owned by institutional investors and hedge funds.

Oak Valley Bancorp Company Profile

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.