Oak Valley Bancorp (NASDAQ:OVLY) Director Ronald C. Martin sold 1,924 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $21.86, for a total value of $42,058.64. Following the transaction, the director now owns 205,601 shares in the company, valued at approximately $4,494,437.86. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Oak Valley Bancorp (NASDAQ:OVLY) opened at $21.35 on Tuesday. Oak Valley Bancorp has a twelve month low of $12.71 and a twelve month high of $23.89. The stock has a market capitalization of $171.53 and a PE ratio of 18.89.
Oak Valley Bancorp (NASDAQ:OVLY) last announced its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter. Oak Valley Bancorp had a return on equity of 11.55% and a net margin of 24.43%. The company had revenue of $10.22 million for the quarter.
The firm also recently declared a semiannual dividend, which was paid on Friday, February 9th. Investors of record on Monday, January 29th were issued a dividend of $0.13 per share. This represents a yield of 1.25%. The ex-dividend date of this dividend was Friday, January 26th. This is an increase from Oak Valley Bancorp’s previous semiannual dividend of $0.13. Oak Valley Bancorp’s payout ratio is currently 23.01%.
A number of large investors have recently made changes to their positions in OVLY. Delphi Management Inc. MA purchased a new position in Oak Valley Bancorp during the 3rd quarter valued at about $307,000. Maltese Capital Management LLC increased its holdings in Oak Valley Bancorp by 9.1% during the 3rd quarter. Maltese Capital Management LLC now owns 107,200 shares of the financial services provider’s stock valued at $1,800,000 after purchasing an additional 8,975 shares during the period. Finally, Siena Capital Partners GP LLC increased its holdings in Oak Valley Bancorp by 3.5% during the 3rd quarter. Siena Capital Partners GP LLC now owns 295,362 shares of the financial services provider’s stock valued at $4,959,000 after purchasing an additional 10,042 shares during the period. Institutional investors own 14.33% of the company’s stock.
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Oak Valley Bancorp Company Profile
Oak Valley Bancorp is a bank holding company. The Company operates through its subsidiary, Oak Valley Community Bank (the Bank). The Bank operates in two primary business segments: Retail Banking and Commercial Banking. The Retail Banking segment offers a range of checking and savings accounts, including Negotiable Order of Withdrawal accounts, money market accounts, overdraft protection, health savings accounts, certificates of deposit and Individual Retirement Accounts.
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