Oak Valley Bancorp (NASDAQ:OVLY) CEO Christopher M. Courtney bought 830 shares of the company’s stock in a transaction dated Thursday, February 14th. The stock was purchased at an average cost of $17.87 per share, for a total transaction of $14,832.10. Following the completion of the acquisition, the chief executive officer now owns 189,155 shares in the company, valued at approximately $3,380,199.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Oak Valley Bancorp stock traded up $0.40 during trading hours on Friday, hitting $17.95. The company had a trading volume of 2,460 shares, compared to its average volume of 4,331. The stock has a market cap of $145.02 million, a P/E ratio of 12.38 and a beta of 0.31. Oak Valley Bancorp has a one year low of $16.39 and a one year high of $25.65.
The firm also recently announced a semiannual dividend, which was paid on Friday, February 8th. Shareholders of record on Monday, January 28th were given a dividend of $0.135 per share. This represents a dividend yield of 1.52%. The ex-dividend date of this dividend was Friday, January 25th. This is a positive change from Oak Valley Bancorp’s previous semiannual dividend of $0.13.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Siena Capital Partners GP LLC boosted its position in Oak Valley Bancorp by 4.8% in the fourth quarter. Siena Capital Partners GP LLC now owns 282,665 shares of the financial services provider’s stock valued at $5,173,000 after buying an additional 12,907 shares in the last quarter. BlackRock Inc. raised its stake in shares of Oak Valley Bancorp by 5,893.0% during the second quarter. BlackRock Inc. now owns 286,225 shares of the financial services provider’s stock valued at $6,546,000 after acquiring an additional 281,449 shares during the last quarter. Northern Trust Corp bought a new position in shares of Oak Valley Bancorp during the second quarter valued at $316,000. Bank of New York Mellon Corp bought a new position in shares of Oak Valley Bancorp during the second quarter valued at $492,000. Finally, Maltese Capital Management LLC raised its stake in shares of Oak Valley Bancorp by 22.3% during the third quarter. Maltese Capital Management LLC now owns 116,188 shares of the financial services provider’s stock valued at $2,283,000 after acquiring an additional 21,188 shares during the last quarter. Institutional investors and hedge funds own 20.53% of the company’s stock.
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About Oak Valley Bancorp
Oak Valley Bancorp operates as the bank holding company for Oak Valley Community Bank that provides banking products and services to individuals and business enterprises in Oakdale, California and surrounding areas. The company accepts various deposits products, such as checking and savings, money market, health savings, and individual retirement accounts, as well as certificates of deposit.
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