Oak Valley Bancorp (NASDAQ:OVLY) Director Sells $12,472.50 in Stock

Oak Valley Bancorp (CA) (NASDAQ:OVLY) Director Don Barton sold 375 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $33.26, for a total transaction of $12,472.50. Following the completion of the sale, the director directly owned 30,350 shares of the company’s stock, valued at approximately $1,009,441. This represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Don Barton also recently made the following trade(s):

• On Tuesday, May 26th, Don Barton sold 375 shares of Oak Valley Bancorp stock. The shares were sold at an average price of $33.77, for a total value of $12,663.75.

Oak Valley Bancorp Stock Performance

Shares of OVLY stock opened at $33.68 on Monday. Oak Valley Bancorp has a 12 month low of $25.41 and a 12 month high of $35.97. The stock has a market cap of $283.25 million, a PE ratio of 11.69 and a beta of 0.21. The company’s fifty day moving average price is $33.68 and its 200-day moving average price is $32.53.

Oak Valley Bancorp (NASDAQ:OVLY) last issued its quarterly earnings results on Tuesday, May 12th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter. The company had revenue of $20.78 million during the quarter. Oak Valley Bancorp had a net margin of 24.80% and a return on equity of 11.99%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Oak Valley Bancorp in a research report on Friday, April 10th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Oak Valley Bancorp currently has a consensus rating of “Buy”.

Hedge Funds Weigh In On Oak Valley Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Martingale Asset Management L P grew its position in shares of Oak Valley Bancorp by 12.1% during the 4th quarter. Martingale Asset Management L P now owns 12,971 shares of the financial services provider’s stock valued at $390,000 after acquiring an additional 1,400 shares during the period. Wells Fargo & Company MN increased its stake in shares of Oak Valley Bancorp by 26.2% in the 4th quarter. Wells Fargo & Company MN now owns 11,667 shares of the financial services provider’s stock worth $351,000 after purchasing an additional 2,423 shares in the last quarter. Rhumbline Advisers raised its holdings in Oak Valley Bancorp by 59.4% in the 2nd quarter. Rhumbline Advisers now owns 10,401 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 3,875 shares during the period. Jane Street Group LLC bought a new position in Oak Valley Bancorp in the 2nd quarter worth $208,000. Finally, JPMorgan Chase & Co. lifted its position in Oak Valley Bancorp by 23.6% during the third quarter. JPMorgan Chase & Co. now owns 5,997 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 1,145 shares in the last quarter. Institutional investors own 30.86% of the company’s stock.

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.