JPMorgan Chase & Co. Increases Stock Holdings in Oak Valley Bancorp (NASDAQ:OVLY)

JPMorgan Chase & Co. boosted its stake in Oak Valley Bancorp (NASDAQ:OVLY) by 123.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,755 shares of the financial services provider’s stock after buying an additional 5,945 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.13% of Oak Valley Bancorp worth $286,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Fourthstone LLC bought a new position in shares of Oak Valley Bancorp during the third quarter valued at about $295,000. Seizert Capital Partners LLC purchased a new stake in Oak Valley Bancorp in the 3rd quarter valued at about $327,000. Barclays PLC lifted its position in shares of Oak Valley Bancorp by 122.8% during the 3rd quarter. Barclays PLC now owns 15,368 shares of the financial services provider’s stock worth $408,000 after buying an additional 8,471 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Oak Valley Bancorp by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 38,004 shares of the financial services provider’s stock worth $1,010,000 after buying an additional 1,876 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Oak Valley Bancorp by 0.6% in the third quarter. State Street Corp now owns 86,390 shares of the financial services provider’s stock valued at $2,295,000 after acquiring an additional 510 shares in the last quarter. 30.86% of the stock is currently owned by institutional investors.

Insider Transactions at Oak Valley Bancorp

In other Oak Valley Bancorp news, Director Gary Strong bought 1,000 shares of the stock in a transaction on Wednesday, January 8th. The shares were acquired at an average price of $27.17 per share, with a total value of $27,170.00. Following the acquisition, the director now directly owns 11,842 shares of the company’s stock, valued at $321,747.14. The trade was a 9.22 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 19.26% of the stock is owned by corporate insiders.

Oak Valley Bancorp Trading Down 0.1 %

Shares of Oak Valley Bancorp stock opened at $25.98 on Friday. The business’s fifty day simple moving average is $28.67 and its 200 day simple moving average is $27.45. Oak Valley Bancorp has a 12 month low of $22.91 and a 12 month high of $32.24. The firm has a market capitalization of $217.19 million, a P/E ratio of 8.66 and a beta of 0.35.

Oak Valley Bancorp (NASDAQ:OVLY) last released its earnings results on Friday, January 24th. The financial services provider reported $0.73 earnings per share for the quarter. Oak Valley Bancorp had a net margin of 28.03% and a return on equity of 14.38%.

Oak Valley Bancorp Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.30 per share. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, February 3rd. This is a boost from Oak Valley Bancorp’s previous semi-annual dividend of $0.23. Oak Valley Bancorp’s dividend payout ratio is currently 15.00%.

About Oak Valley Bancorp

Oak Valley Bancorp operates as the bank holding company for Oak Valley Community Bank that provides a range of commercial banking services to individuals and small to medium-sized businesses in the Central Valley and the Eastern Sierras. The company's deposits products include checking and savings, money market, health savings, and individual retirement accounts, as well as certificates of deposit.